Wells Fargo's predecessor, Wachovia, provided software that was used by a foreign bank to process USD 532 million in prohibited transactions.
April 3, 2023The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.
March 30, 2023The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
March 21, 2023Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems.
March 10, 2023New working group will work to boost the role of alternative lenders in providing trade finance, at a time when traditional lenders are retrenching.
February 9, 2023LexisNexis® Risk Solutions, was recognised for best solution in trade compliance at Regulation Asia's 5th annual awards ceremony.
November 22, 2022The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.
November 12, 2022China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.
October 5, 2022The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.
October 4, 2022Banks in five cities will pilot the use of railway transport documentation to offer financial services to foreign trade enterprises.
September 12, 2022