Regulatory Compliance

The Financial Times headline is damaging enough by itself: “Iran used Lloyds and Santander accounts to evade sanctions”. This is exactly the sort of high-profile publicity nightmare financial institutions are desperate to avoid. The reputational risk from such revelations – especially when they’re disseminated by a globally-renowned publication like the Financial Times – can have […]

Whether the US Securities and Exchange Commission’s (SEC) new private fund advisers rules eventually go ahead, and in what form, may still be a matter for the courts. But given mounting regulatory concern around the private market industry’s systemic importance, and the risks that may lurk there, greater transparency for the sector is coming. Further […]

Are financial institutions around the world doing enough to implement robust anti-money laundering (AML) and know your customer (KYC) capabilities? New figures suggest not. Banks and other financial organisations were fined almost $5 billion last year for AML infractions, KYC system failings and sanctions breaches, bringing the total meted out since the global financial crisis […]

Anti-money laundering (AML) and tax compliance capabilities may seem to have little to do with the battle to curb climate change. But, applied well, they have become an important weapon. The recent COP27 gathering – on the back of a year of record-breaking temperatures, floods, drought and storms – has underscored the need for radical […]