Standard Chartered Bank Announces Intent to Join Thomson Reuters KYC Managed Service for Africa

Standard Chartered Bank today announced its intent to join Thomson Reuters Org ID regional managed service solution for Know Your Customer (KYC) due diligence in South Africa. Standard Chartered ... Read More

How money is created

How money is created Since the Eurosystem launched its accommodative non-standard monetary policy measures, the central bank reserves of commercial banks in the euro area have gone up sharply, ... Read More
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EBRD joins SWIFT’s Know Your Customer Registry

In a move to facilitate global and local financial flows and ensure their transparency, the European Bank for Reconstruction and Development has signed up to use SWIFT’s Know Your ... Read More
Deutsche Bank

Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit

Bank says 2,000 front office people could be moved, with another 2,000 posts to be reviewed depending on new regulations Bank says 2,000 front office people could be moved, ... Read More
Moscow Exchange

MOEX: Non-bank companies make first ever FX trades through direct market access

Rosneft and Alrosa have become the first ever corporates to obtain direct market access (DMA) and trade on Moscow Exchange’s FX Market. From 16 January 2017, Russian legal entities not qualified ... Read More
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FSB-IOSCO Roundtable on Compensation Practices in the Securities Sector

The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) jointly organized a Roundtable on Compensation Practices in the Securities Sector on 13 December 2016. Based ... Read More
fraud - red stamp

Financial fraud losses in UK totalled £768.8 million in 2016

Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud ... Read More

The Russian “Laundromat” exposed; how the complex money laundering scheme worked

Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked ... Read More

Deutsche Börse to launch Sustainable Finance Initiative

Deutsche Börse will be launching the Sustainable Finance Initiative in Frankfurt. The aim is to establish new interdisciplinary structures for sustainable entrepreneurship along with some 100 of the financial ... Read More

ANZ, Westpac admit breaches in forex trading

ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information ... Read More
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