Tag Archive: regulation and compliance

“A lack of clarity over FTR 2015 could harm payment flows” writes Deutsche Bank’s Stefan Fruschki for Global Banking and Finance Review

To strengthen the European payments industry’s efforts to combat money laundering and terrorist financing, the EU Funds Transfer Regulation 2015 (FTR 2015) came into effect on 26th June 2017. There is more to FTR 2015 than meets the eye, however. Concerns are mounting that FTR’s obligations are, in places, open to interpretation. Writing for Global Banking and …

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FTR 2015’s regulatory success relies on further industry collaboration, writes Deutsche Bank’s Christian Westerhaus for Money Laundering Bulletin

Last month, the EU Funds Transfer Regulation 2015 (FTR 2015) – which aims to ensure the full traceability of payments – came into effect. Helping to prevent and detect illicit financial transactions, FTR 2015 implements the updated international anti-money laundering (AML) and counter-terrorist financing (CTF) recommendations by the Financial Action Task Force (FATF) and, therefore, …

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Writing for FX-MM, Deutsche Bank’s Stefan Fruschki highlights the challenges arising from new funds transfer regulation

Applicable since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) broadens and revises the information requirements that transactions involving EU or EEA-based payment service providers (PSP) must comply with. The regulation enables the region’s regulators to better trace transfers of funds – and thereby contributes to the prevention, detection and investigation of …

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As the regulatory bar rises, Crown Agents Bank’s Richard Jones looks for commitment to trade finance in Trade & Forfaiting Review

In an article for leading publication, Trade & Forfaiting Review, Richard Jones, CEO of Crown Agents Bank, explains that a strong commitment to trade finance in developing economies – combined with adequate investment in due diligence – can help mitigate the unintended consequences of regulatory compliance. The article, ‘Counting the Cost’, stresses that new regulatory …

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ICC’s Henri d’Ambrieres explains how to mitigate risk in volatile regions for The Asset

Avoiding the risk of defaults by counterparties in volatile regions is vital. Henri d’Ambrieres, senior technical adviser at the ICC Banking commission, describes for The Asset how companies across Asia can take steps to do so. The ICC banking commission’s latest Trade Register Report shows few defaults globally in trade and export, giving it a …

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Deutsche Bank’s Boon-Hiong Chan talks treasury in Asia

Having spoken about the importance of location at the 2015 ACTS Treasury Forum in Singapore, Boon-Hiong Chan, Director, Head of Market Advocacy, Asia Pacific, Deutsche Bank, expands on recent developments in various Asian treasury environments and their attractions as local treasury centre bases. From supply chain- and trade-related factors to regulatory, legal and tax variances, corporates must carefully …

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Nancy So, Deutsche Bank, discusses managing regulatory developments and trade in Asia in The Asian Banker

In The Asian Banker, Nancy So – Deutsche Bank’s Head of Institutional Cash Asia Pacific – discusses developments in the Asian market and the surge in sustainable growth. She explains that this growth is coupled by the rise of e-commerce in Asia, which remains unbeaten in its rate of expansion. This could provide a huge …

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BNY Mellon’s Italy client advisory panel featured in GTR

The global transaction banking landscape continues to transform at an astonishing rate, with developments in technology, shifting trade corridors and economic influence, and new regulatory demands all contributing to a trade arena that is undergoing significant change. At a BNY Mellon-hosted roundtable in Verona, GTR magazine sat down with a number of Italian banks to …

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