I read three interesting commentaries this week about the financial crisis, and it builds upon yesterday’s discussion of Credit Suisse being the first bank for over a decade to admit to criminal wrong-doing in the USA. The first is from Private Eye last week: “The death of Charles Keating, synonymous with the US savings and loan scandal…
I read three interesting commentaries this week about the financial crisis, and it builds upon yesterday’s discussion of Credit Suisse being the first bank for over a decade to admit to criminal wrong-doing in the USA. The first is from Private Eye last week: “The death of Charles Keating, synonymous with the US savings and loan scandal…
There have been a few major headlines lately about the American fines of banks. I’ve blogged about some of them like Standard Chartered and HSBC, but the news has recently seen several more major headlines such as Credit Suisse today being fined $2.6 billion for criminally aiding US citizens in tax evasion (watch my interview on Bloomberg…
There have been a few major headlines lately about the American fines of banks. I’ve blogged about some of them like Standard Chartered and HSBC, but the news has recently seen several more major headlines such as Credit Suisse today being fined $2.6 billion for criminally aiding US citizens in tax evasion (watch my interview on Bloomberg…
I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation. The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉 … free places for Corporate…
I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation. The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉 … free places for Corporate…
After yesterday’s post about KYC, PEPs and AML, someone said: “so what’s the point Chris?” @FSClub not quite sure of the point you are making here. Money L bad. Hard to catch. Harder if not in official channels. It was ever thus? — Julian Lee (@JulianDDLee) May 8, 2014 The point of yesterday’s blog was…
I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and operational risk. The core of…
I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and operational risk. The core of…
