Tag Archive: compliance

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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Crown Agents Bank’s Richard Jones and Doug MacLennan talk compliance and commitment in Global Risk Regulator

Legislation designed to clamp down on financial crime is growing worldwide, but compliance with stricter regulation is expensive. In an interview with Global Risk Regulator – the Financial Times publication specialising in financial regulation – Richard Jones, CEO of Crown Agents Bank, and Doug MacLennan, Crown Agents Bank’s director and chief risk officer, offer their …

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iGTB’s Tapan Agarwal featured in Global Trade Review article on AI in financial services

Tapan Agarwal, Product Council Head at iGTB, has been cited in Global Trade Review in an article discussing the use of AI in the financial services industry. The article describes how financial services provides a fertile ground for AI applications because AI’s strength comes from the quality of the data fed to it, and financial …

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iGTB Partner with OutsideIQ to Deliver Advanced Due Diligence Screening Tool

iGTB has announced a partnership with OutsideIQ, the cognitive computing technology company, to deliver a new advanced due diligence screening tool for compliance, named DDIQ. DDIQ will strengthen and simplify the otherwise expensive and labour-intensive due diligence process by producing complete profiles of corporations and individuals in minutes. The system’s ability to combine automated data …

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Commerzbank launches October issue of FI.News at Sibos

Commerzbank has released its latest issue of its biannual newsletter, FI.News, which is available in both print and interactive e-book format. The newsletter offers a range of insights from Commerzbank’s Financial Institutions experts, along with all the latest news, views and updates. This edition focuses on the “conundrum” of compliance in the financial world – how to …

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BNY Mellon’s Dominic Broom features in Global Finance’s TCM Supplement

Correspondent banking continues to be the life-blood of international trade, yet the relationships that underpin the correspondent banking model are undergoing unprecedented change. In Global Finance, Dominic Broom, Head of Treasury Services EMEA, BNY Mellon, discusses how the ongoing cost of compliance, coupled with large fines on banks for non-compliance with anti-money laundering and other …

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In Global Banking & Finance Review, Andrew Reid, Deutsche Bank, looks at the SEPA-zone one year on

In Global Banking and Finance Review, Andrew Reid looks at all the possible ways that treasurers can begin to offset the cost of compliance by leveraging SEPA’s benefits to maximise efficiency and operational cost savings for a more robust treasury set-up. Reid writes that ‘The SEPA mindset brought with it a renewed focus on treasury …

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Deutsche Bank’s Andrew Reid on optimising treasury post-SEPA, in Banking Technology

Andrew Reid, Head of Cash Management Corporates for EMEA, Deutsche Bank, looks forwards from the one-year anniversary of compliance, to the possible advances ahead. Reid explains in Banking Technology ‘SEPA’s technological achievements can be leveraged further. For example, the data-rich nature of the ISO 20022 XML standard and the fact that it is now the sole format used …

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Euromoney interviews Commerzbank transaction banking heads

As part of a Euromoney profile series, featuring interviews with the GTB heads of top ranking banks from the Euromoney Cash Management Survey 2014, Commerzbank’s senior transaction bankers talked strategy with Kimberley Long. Frank-Oliver Wolf, Head of Commerzbank Transaction Services Germany and Reinhard Furthmayr, Head of Product Management Cash Services, explained the institution’s focus on …

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Commerzbank in Trade Financing Matters: the great bank retreat

This week, Frank Carr-Allinson, Head of Trade Services Advisory at Commerzbank, writes for Trade Financing Matters on how increasing compliance costs are causing many banks to scale back their correspondent banking networks – and what this means for global trade. To read the full article please click here