Banking regulators have pledged their support for the standards set out in the Basel Committee on Banking Supervision’s Customer due diligence for banks report. Regulators representing nearly 120 countries at the International Conference of Banking Supervisors (ICBS) announced their commitment to fight the funding of terrorist activities and the laundering of funds related to these activities by strengthening enforcement of measures that make it harder to disguise the ownership of bank accounts. The adoption of appropriate due diligence standards is an essential part of banks’ risk management, needed to safeguard confidence and the integrity of banking systems, said the Basel Committee. Participants at the conference, held in Cape Town, South Africa, on 18-19 September, endorsed the following measures: adoption of know-your-customer procedures within individual jurisdictions, as part of effective customer due diligence programmes; and sharing of information related to terrorist financing and money laundering with other supervisors and with law enforcement agencies.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more