The Money Laundering Control Act of 1986 is a United States of America Act of Congress that made money laundering a Federal crime. This legislation combined with other legislation such as the European…
Read moreby Kylene Casanova
Maybe you never heard of Mossack Fonseca before this week but the fallout from the Panama tax evasion and money laundering scandal could touch all echelons of the financial services industry.
by Kylene Casanova
A blog posted on the European Payments Council (EPC) website discusses the considerations for a future legislative proposal on e-payments, remittances, prepaid cards and virtual currencies.
by Kylene Casanova
Fiona Crisp’s six recommendations on how to be in charge of your corporate treasury department
by Kylene Casanova
Improve my fraud prevention and minimise cyber security breaches by
by Kylene Casanova
Proactive detection measures - hotlines, management review procedures, internal audits and employee monitoring mechanisms — are best in catching frauds, whilst external audits the least effective
by Kylene Casanova
Three European supervisory authorities have jointly launched a public consultation on two guidelines for anti-money laundering and countering the financing of terrorism.
by Kylene Casanova
No more sanctions breaches with new service that gives the user a clear understanding of the risk profile of each customer, supplier and employee
by Kylene Casanova
The European Parliament approved the fourth anti-money laundering directive, intended to protect the financial system from money laundering or terrorist financing.
by Kylene Casanova
Even major investment firms - Stifel Nicolaus and BlackRock - are signing up for Thomson Reuters Org ID Know Your Customer Managed Service
by Kylene Casanova
Banks are exchanging KYC data via service world-wide
by Kylene Casanova
Overall fraud is huge world-wide and it’s getting worse. There is some good news, but not a lot. Occupational fraud continues to dominate. UK payment fraud figures show that continued vigilance needed
by Kylene Casanova
A new fraud control arms race has started
by Kylene Casanova
Even if this is not true, it shows the dangers of uncontrolled, untraceable digital cash. Pressure on the authorities increases
by Kylene Casanova
First and only KYC service to successfully complete ISAE 3000 type 1 audit on the design suitability of its internal controls tied to transparency and the quality of its KYC managed services
by Kylene Casanova
Service to support all messages used in financial transactions, regardless of format or financial network
by Kylene Casanova
But ‘The worst is yet to come’. Are you ready?
by Kylene Casanova
Anti-money laundering protection and compliance improved as banks add new solutions to make themselves compliant with current regulations
by Kylene Casanova
With Dan Blumen - Treasury Alliance, Guy Ingram - SABMiller, Neil Peacock - ABB, and Stephen Pigney - ICM consultant
by Kylene Casanova
Now 12 members which is largest known membership of planned KYC exchanges
by Kylene Casanova
The competition is on between the KYC exchanges to sign banks, but will corporates accept these services?
by Kylene Casanova
Citi, Deutsche Bank, HSBC and Morgan Stanley work with Markit | Genpact to create new service to centralise client on-boarding and KYC data management
by Kylene Casanova
New Compliance Analytics Service for banks and Barclays joins KYC service, but will corporates accept?
by Kylene Casanova
7,000 bank and buy-side clients are live on the service but which KYC service to use?
by Kylene Casanova
SWIFT KYC Registry is starting to happen: signing of Memorandum of Understanding
