This post has been provided courtesy of ICA

August 24, 2015

The 4th EU Money Laundering Directive explained in 90 seconds

I am going to share with you my view on the 4th EU Directive’ in just 90 seconds. The Directive was finally adopted on 20 May 2015 And reflects the 40 recommendations that were published by FATF in 2012 and …

March 31, 2015

When enforcing the tone from the top really appears to mean low hanging fruit

It is with some disquiet and unease that I have been reflecting on the finer points of the recent enforcement action that was published earlier this month by the FCA concerning the affairs of the Bank of Beirut and in …

September 8, 2014

News from across the pond – update on the requirement for regulatory risk management and board training

The Office of the Comptroller of the Currency (OCC), the primary regulatory agency for national banks and Federal savings associations in the US, has provided  final guidance on higher standards for risk management in larger banks. At a time when …

February 5, 2014

Combatting global corruption

As I left a bright and sunny London yesterday afternoon having attended the Chatham House conference titled ‘Combating Global Corruption, Sharing Standards and Common Practice’ and shared the company of the good and the wise, I left encouraged because of …

October 22, 2013

Stick, twist or fold? How best to manage emerging trends and best practice in money laundering and terrorist financing

I was delighted to represent the International Compliance Association at the Compliance Officer conference in Warsaw recently which focussed on the subject of new payment technologies and emerging money laundering and terrorist financing risk management. Day one covered new technologies …