TFP, a division of Thomson Media is to market Miami-based World Compliance’s due diligence database to the financial services industry throughout Europe, the Middle East, Africa and Asia/Pacific. The database contains profiles about Politically Exposed Persons (PEPs), suspected or known terrorists, drug-traffickers, arms-dealers, money launderers, financial fraudsters and other white collar criminals. ‘This is not just a PEP-database reducing the risk of corruption,’ said Brent Newman, director of Global Product Data for TFP. ‘It also allows banks to reduce their risk of inadvertently participating in money laundering and fraud.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.