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Germany restructures Financial Intelligence Unit to increase efforts against Money Laundering
German finance minister Wolfgang Schäuble has announced Germany’s plans to increase its efforts against money laundering and the financing of terrorism by restructuring and expanding its Financial Intelligence Unit (FIU).[1] The special unit is..
Online Published Date:
13 December 2016
Appeared in issue:
19.09 - 09 December 2016
Will Basel III help to prevent a future crisis?
In 2010, the Basel Committee on Banking Supervision (BCBS) announced the new Basel III capital scheme.[1] The new rules have been signed by all 27 member states.[2] The chief goal of Basel III is to improve worldwide capital markets by enhancing not..
Online Published Date:
13 December 2016
Appeared in issue:
19.09 - 09 December 2016
Financial Crime Action Plan – What next?
During October, the UK Government took some further steps towards implementing its Action Plan for anti-money laundering (AML) and counter-terrorist finance (CTF) (the Action Plan). It published the original Action Plan in April, but asked for views..
Online Published Date:
13 December 2016
Appeared in issue:
19.09 - 09 December 2016
Working together? Digital currencies, Interpol and the banking sector
The announcement at the beginning of September of an Interpol working group on digital currencies and money laundering marks yet another step along the journey of acceptance for virtual and digital currencies. Banks and other financial institutions..
Online Published Date:
13 December 2016
Appeared in issue:
19.09 - 09 December 2016
The Senior Managers and Certification Regime in the UK: The Whistleblowing Reforms
The aim of this article is to critically assess the effectiveness of the recently introduced Senior Managers and Certification Regime (SMRC). Part One will assess some of the future challenges in the implementation of the regime to support the..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016
Ring-fencing in the UK banking sector
“Ring-fencing” regulation, proposed by the Independent Commission on Banking (ICB) in September 2011,[1] is the UK’s main response to the Global Financial Crisis of 2007–2008 (the Crisis). It was characterised as “the..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016
Basel III and the Impact on the Russian Bond and Derivatives Market
The dynamics of the Russian bond and derivatives markets have been recently influenced by the implementation of the Basel III agreement and domestic regulatory practices. The new regulations are designed to effectively mitigate risk and will also..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016
2016: A year of financial crime developments
Financial crime prevention laws are never static, and 2016 has proved no exception to the continuous cycle of changes to existing laws and the introduction of new ones. Over the course of the year, the UK has tackled both implementation of EU..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016
Basel III and the Impact on the Russian bond and derivatives market
The dynamics of the Russian bond and derivatives markets have been recently influenced by the implementation of the Basel III agreement and domestic regulatory practices. The new regulations are designed to effectively mitigate risk and will also..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016
Ring-fencing in the UK banking sector
?Ring-fencing? regulation, proposed by the Independent Commission on Banking (ICB) in September 2011,[1] is the UK?s main response to the Global Financial Crisis of 2007?2008 (the Crisis). It was characterised as ?the biggest shake-up of British..
Online Published Date:
21 December 2016
Appeared in issue:
19.10 - 21 December 2016