Sanctions
Russian crypto-currency will threaten AML efforts
Targeting individuals and companies could be impossible with digital currency, write academics
Top 10 operational risks for 2017
Risk.net presents the top 10 operational risks of 2017, as chosen by risk practitioners
Eiopa signals soft-launch of Priips
Regulator looking at solutions for firms that can't meet 'very challenging' timeline
KYC rules force banks into costly off-boarding exercise
Shedding unprofitable clients drains operational and IT resources
End of sanctions offers chance to fix Iran’s banking sector
Complex political situation makes reform more challenging
Top 10 Operational Risks for 2016
Risk.net presents the Top 10 Operational Risks of 2016, as chosen by risk practitioners
Best financial crime product: Swift
Swift offers firms assistance in avoiding entities and individuals hit by sanctions
Iran deal takes sanctions compliance into unfamiliar territory
Banks likely to be cautious even after trade restarts
Spotting the patterns of terrorist financing
Banks must recognise weak points and likely signs of Isis funding
Bank reforms starting to reduce risk of reputational damage
Losses illustrate scale of reputational exposure
Commerzbank fiasco offers lessons to compliance and boards
Governance failures and weak compliance at heart of $1.45bn fine
Banks struggle with tough rules on beneficial ownership
New systems and processes necessary to prevent illicit money flows
BAML to clear US dollars for BNP commodity finance unit
Deal comes as French bank faces one-year US dollar clearing ban
Top 10 op risks 2015: illicit transactions
Tax evasion, corporate ownership and sanctions will all be concerns
New York regulator hits Bank of Tokyo with $315m fine
Further penalty imposed for watered-down report
Top 10 operational risks for 2015
Heavy regulatory costs and fragile systems will be problems in 2015
Sanctions compliance a struggle for banks
Banks facing wider sanctions and tougher enforcement
Handling the risks of a newly aggressive sanctions regime
International banks must exert more care on dollar transactions
Some EU countries unable to punish Emir breaches
Firms in Poland and Ireland cannot be fined for breaking reporting rules
Russia sanctions could trip up CDS markets, lawyers warn
New sanctions on specific companies could trigger CDSs and complicate settlement
Compliance culture an issue for non-US banks, expert warns
Foreign banks struggling to comply with US rules, as BNPP fine shows
Ukraine crisis renews importance of KYC
Sanctions and transaction reporting grow in prominence
AML KYC data collection brings benefits as well as challenges
Establishing a coherent system of legal entity identifiers has been an important challenge for the swaps industry over the past two years. Now, in the face of regulatory pressure, anti-money laundering teams face the same challenge – but meeting it could…
FCA AML report raises concerns about money service business going underground
UK regulator's first annual AML report highlights risks of closing certain banking services