regulatory-framework
TechnologyPoor data quality is giving financial institutions the stick
Top StoriesBarclays latest global bank ensnared in U.S. ‘Whatsapp’ probes
FinanceAdvancing AML: Why ultimate beneficial owners must be properly identified
Top StoriesU.S. watchdogs scrutinise UBS over staff messaging
Post-outage nord stream gas flows unknown, says German regulator
Date: July 11, 2022
By Vera Eckert BONN (Reuters) -Germany is in the dark about how much gas Russia will pump through the Nord Stream 1 pipeline after the end of a 10-day maintenance shutdown that started on Monday, Germany’s energy regulator told Reuters. Governments, markets and companies worry that the shutdown might be extended because of the war...
EU watchdog tackles insurance policy price differences
Date: July 11, 2022
LONDON (Reuters) -The European Union’s insurance watchdog launched a public consultation on Monday to crack down on how insurers unfairly charge customers different prices for the same type of cover. The European Insurance and Occupational Pensions Authority (EIOPA) said it was looking in particular at so-called price walking. This practice refers to raising premiums when...
Google offers concessions to avoid U.S. antitrust lawsuit -WSJ
Date: July 8, 2022
WASHINGTON (Reuters) -Alphabet Inc’s Google has offered concessions to avoid a potential U.S. antitrust lawsuit alleging that the company abuses its clout in the advertising technology business, the Wall Street Journal reported on Friday, citing people familiar with the matter. Google has proposed spinning off parts of its business that auctions and places ads on...
Lawyers defending hong kong tycoon say they have received threats
Date: July 8, 2022
By Anne Marie Roantree and James Pomfret HONG KONG (Reuters) -Barristers from a British law firm who are representing jailed Hong Kong tycoon and democracy campaigner Jimmy Lai said on Thursday they had received anonymous e-mails warning them against travelling to the city to defend him. Lai is among the most prominent people in Hong...
Boeing CEO says planemaker could be forced to cancel 737 MAX 10 -Aviation week
Date: July 7, 2022
By David Shepardson WASHINGTON (Reuters) -Boeing Chief Executive Dave Calhoun told Aviation Week in an interview that the planemaker could be forced to cancel the 737 Max 10 over potential regulatory issues. Boeing has a December deadline to win approval for the 737 MAX 10 – the largest member of its best-selling single-aisle airplane family....
AML trends in 2022
Date: June 30, 2022
By Jo Priestley, Head of Financial Crime Expertise, Efficient Frontiers International 2022 has brought with it significant challenges for financial institutions regarding anti-money laundering, from the fluctuating economic landscape on the back of the COVID pandemic to war in Eastern Europe and the ensuing sanctions. The war in Ukraine has focused UK lawmakers on the...