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Comment and Analysis

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Anti-Money Laundering

Is the ICIJ flouting the BSA with its revelations?

The International Consortium of Investigative Journalists in Washington DC seems to have suffered no consequences so far from an unprecedented act – the printing in public of information gleaned from thousands...

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Technology

Compliance v risk - how to bridge the gap?

People who operate in the financial sector ought to bridge the gap between compliance and risk because they are effectively one and the same and have the same end-goal. This is never more obvious than in the rea...

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Anti-Money Laundering

Compliance officers and the virus: what you need to know

A new wave of Corona-centric litigation is on the horizon. Some of this is going to revolve around legislation that few last year would have connected with epidemics, especially the UK’s Proceeds of Crime Act....

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Regulation of Products

Hong Kong publishes FAQs for family offices

Following on from a circular that it issued in January, the Hong Kong Securities and Futures Commission has issued some questions and answers on the subject of the licensing obligations of family offices and mul...

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Anti-Money Laundering

AML controls at private banks: some top tips from Singapore

A new paper sets out the Monetary Authority of Singapore’s supervisory expectations regarding the effectiveness of anti-money-laundering controls in the private banking sector and includes illustrative example...

Latest News

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Anti-Money Laundering

FinCEN promulgates rule to extend AML programmes

The US Financial Crimes Enforcement Network has issued a final rule that sets minimum standards for anti-money-laundering (AML) programmes for banks that lack a federal functional regulator. FinCEN expects one u...

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People Moves

Woolard to leave FCA

Chris Woolard, the acting head of the UK's Financial Conduct Authority, will be stepping down from its board shortly. In the meantime he will chair a review of the future regulation of the unsecured credit marke...