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Creating a Best-In-Class AML Programme With a Watchlist at Its Core
Date: July 5, 2022
By Garient Evans, vice-president of identity solutions, Trulioo Since Russia’s war with Ukraine, scrutiny has intensified on illicit financial activity and hidden assets. Companies around the world are facing increased pressure to ensure they are monitoring and screening new and existing customers against applicable sanctions lists. While having a comprehensive screening program is nothing new...
Exclusive-Pope Hopes China Deal on Bishops Will Be Renewed Soon
Date: July 5, 2022
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis said that while the Vatican’s secret and contested agreement with China on the appointment of Roman Catholic bishops is not ideal, he hopes it can be renewed in October because the Church takes the long view. Relations with China was one of the many Church and...
Audit Reform: Why the Finance Industry Must Prepare Now
Date: July 1, 2022
By Jack Skov, Chief Financial Officer, Konsolidator Following much speculation about whether or not the long-awaited audit reform bill would be included in the Government’s next legislative programme, a draft audit reform bill was finally included within supporting papers issued alongside the recent Queen’s speech. However, despite this, there continues to be uncertainty over the...
EU Agrees Rulebook for ‘Wild West’ Crypto Markets
Date: July 1, 2022
By Huw Jones and Tom Wilson LONDON (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive rules to regulate what one lawmaker called the “Wild West” crypto market. WHAT ARE THE NEW RULES? Crypto firms that want to issue and sell digital tokens in an EU...
EU Agrees Rules to Tame ‘Wild West’ Crypto Market
Date: July 1, 2022
By Huw Jones LONDON (Reuters -The European Union has agreed on ground-breaking rules for regulating crypto assets, EU lawmakers said on Thursday, as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating...
Streamlining the Path to Sca Compliance
Date: July 1, 2022
By George Ralchev, Head of Risk at emerchantpay Payments technology is evolving fast. With contactless payments, digital solutions and alternative payment methods growing in popularity among consumers, the types and quantity of data merchants receive is rising. This influx of data is both a help and a hindrance. On the positive side, these extra insights...