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It appears from recent experiences that to-day's governance (Man-Mangement) has been degraded to such an extent that moral bankruptcy has become an integral part of day to day business activities -- as evidenced by experiences -- where righteousness is at a discount (account tampering,...
Persistent link: https://www.econbiz.de/10013023229
Law enforcement has a vested interest in catching alleged money launderers. Suspicious Activity Reports (SARs) filed by financial institutions are a useful tool in this endeavor and can potentially direct law enforcement to criminal enterprises. But SARs are just that — reports of suspicious...
Persistent link: https://www.econbiz.de/10013117812
main sources of de-risking in (WAMZ), using questionnaires administered to commercial banks. We document perceived … correspondent banks as the main drivers of de-risking in the WAMZ. Other causes of de-risking include: high compliance and … additional requirements demanded by correspondent banks in reflection of an upscale in the legal, regulatory and supervisory …
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countries or goods. Banks and other financial enterprises thus need risk management and mitigation processes to stop illegal … are ­therefore not easily accessible resources for banks fighting money laundering. This paper discusses the current state … of the art in anti-money laundering, mandatory know-your-customer screenings and its challenges in German banks involved …
Persistent link: https://www.econbiz.de/10015395730
/value – The paper provides banks and public agencies with an integrated analysis of the need for public‐private partnership and of …
Persistent link: https://www.econbiz.de/10014865435
‐2002, which imposes obligations on banks of identification, reporting and record‐keeping. Outlines finally the guidelines on …
Persistent link: https://www.econbiz.de/10014886043
Assesses the approach of London’s city banks towards the UK money laundering regulations, based on interviews with … that these banks take their anti‐money laundering responsibilities very seriously since the Financial Services Authority … has new powers to prosecute non‐compliance; larger banks tended to have more positive attitudes than small or medium size …
Persistent link: https://www.econbiz.de/10014886075