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Comment and Analysis

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Anti-Money Laundering

The AML obligations of trustees in the UK

All trustees of express trusts are now obliged to report various things to the authorities in accordance with the UK's anti-money-laundering laws. Matthew Giles of the international law firm of Squire Patton Bog...

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Technology

A look inside a compliance IT upgrade

In this anonymised example we glimpse the process by which a bank upgrades its compliance software and integrates the process into its general commercial effort. ...

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Technology

The FATF's emerging interest in regtech

In May, the Financial Action Task Force held a fintech/regtech forum at PayPal’s headquarters in the Californian town of San Jose. The FATF’s aim was to provide a platform for some constructive dialogue. ...

Latest News

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Tax

HSBC settles tax allegations with French prosecutors

HSBC Holdings has agreed to pay €300 million (£267 million) to ward off any criminal charges that the government of France might press against it for allegedly helping its French HNW private banking customers to...

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Best Practice

New regulatory degree course to begin in Qatar

HEC Paris in Qatar is offering a new master’s degree in financial regulation and leadership to Qatari employees at Qatar’s three financial regulators. Qatar National Bank also has some of its people registered a...

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Anti-Money Laundering

FinCEN fines bank US$2 million over correspondent accounts

The Financial Crimes Enforcement Network has assessed a civil money penalty of US$2 million against Loan Star Bank for engaging in highly risky foreign correspondent banking services without conducting appropria...