Tag Archive: anti-money laundering

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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Deutsche Bank publishes new whitepaper outlining the incoming EU Funds Transfer Regulation

Financial institutions and regulators require a common understanding of the EU Funds Transfer Regulation 2015’s (FTR 2015) revised scope and implications before its effective date or else they risk disruptions to transaction flows. This is according to Deutsche Bank’s newly-published whitepaper, “Funds Transfer Regulation 2015: a regional regulation with a global impact”. Applicable from 26 …

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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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Deutsche Bank’s Daniel Schmand, ICC Banking Chair, in The Banker on banks, the ICC and society

Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank, and Chair of the ICC Banking Commission, writes The Banker‘s Bracken column on banks’ role in society. Schmand wants to improve the dialogue between banks, clients and regulators, and discusses everything from trade finance to geopolitical risk in this piece. To read …

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Daniel Schmand in TXF vows ICC will help banks rekindle contract with society’

Following his recent appointment as Chairman of the ICC’s Banking Commission, Daniel Schmand discusses in TXF the ways in which he plans to spend his time and energy carrying on the ICC’s work as the platform for advocating for industry change. Schmand discusses the reputational damage banks have suffered, and how re-acknowledging their key role in facilitating trade and …

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Deutsche Bank’s Daniel Schmand discusses the EU’s 4th AML Directive in Financial News

‘Hunting terrorists and crime gangs’ reads the headline for an article that takes an in-depth look at how trade finance units are enlisted to fight money laundering. Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank spoke to Financial News about what the new regulation would mean for banks – and for intra-EU trade. To read …

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