Tag Archive: anti-financial crime

Writing for Finextra, Deutsche Bank’s Christian Westerhaus believes clarity over EU FTR 2015 is needed

Effective since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) sets out to ensure the traceability of payments transactions, which is a powerful tool in the prevention, detection, and investigation of money laundering and terrorist financing. But with its implementation comes unexpected hurdles for payment service providers (PSPs). Writing for Finextra, Christian …

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Commerzbank identifies cybersecurity weaknesses in Banking Technology

In the latest edition of Banking Technology magazine, Commerzbank’s cybercrime specialists analyse modern threats to digital security in corporate banking – and find that the cause for concern lies not in machines, but in people. The article, ‘Computers or humans: where does the threat lie?’, shows just how secure digitalisation has made the corporate banking landscape. Financial technology now …

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Crown Agents Bank addresses the issue of risk-based approaches to AML in Payments Compliance

Taking a risk-based approach to facilitating international financial flows forms a key part of complying with anti-money laundering (AML) regulation – itself essential to combating financial crime. But is maintaining such an approach becoming too costly and complex for international banks? Richard Jones, CEO of Crown Agents Bank, offers his perspectives to specialist magazine, Payments Compliance. In …

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