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Money laundering through China —systemic weaknesses are facilitating global financial crime
This article takes a look at the systemic weaknesses within China’s financial system that have been in the spotlight in recent years as a result of multiple money-laundering investigations spanning the globe. China has responded to increased pressure and criticism that the mainland is “becoming...
The banking industry and crime
Less than 1% of financial crime through the banking system is identified. The remainder creates waste for banks, destroys trust and negatively impacts society. This paper looks at the evolution of the relationship between banking and crime, including the history, the present and the potential...
The emerging role of artificial intelligence in financial services
Artificial Intelligence (AI) was once the domain of fanciful science fiction books and films, but now the technology has become commonplace. From driverless vehicles to virtual assistants like Alexa and Siri, AI has become a part of everyday life. Now AI is having a significant impact on...
Impact of MiFID II for non-European based firms
As the January 3, 2018 MiFID II deadline approaches, many organizations in Europe are solidifying their solutions. But what of companies based outside of the European Union and the EEA? What impact, if any, will MiFID II have on these organizations?
Enterprise risk and strategic decision making — complex inter-relationships
When making strategic decisions about the allocation of often limited resources, boards and senior managers must consider multiple corporate objectives as well as the portfolio of investment opportunities available. Enterprise Risk and the firm’s risk appetite are also key considerations.
FRTB puts data demands on banks
Of all the new incoming regulations, few will have a greater impact on financial institution’s trading business than Fundamental Review of the Trading Book (FRTB).The new FRTB requirements from Basel Committee on Banking Supervision (BCBS) pertain to capital requirements for banks. In fact this...
BCBS 239 — the starting line
By seeing BCBS 239 as the starting line and not the finish line, banks will not only be better prepared to handle future market events, but will be able to do business differently.
How mature is internal audit? A real-world analysis
This whitepaper explores the results of our Internal Audit Maturity framework self-assessment survey. It shows that while significant progress has been made in the implementation of internal audit best practices, between one-quarter and one-third of internal audit teams struggle to implement...
Know Your Customer (KYC) Innovation: The Rise of Jurisdictional Managed Services
The regulatory backdrop against which banks, other FIs and regulated entities must conduct
The UK Modern Slavery Act — unpacking the requirements for US-based multinationals
This paper takes an in-depth look at the implications the UK Modern Slavery Act has for US based multinationals." />