Banking

The European Union's new anti money laundering framework is moving from legislative design toward detailed implementation, with technical standards becoming an important part of how firms will interpret and apply the new requirements. Regulation (EU) 2024/1624 establishes the core...

Financial crime increasingly crosses institutional and jurisdictional boundaries, making the speed, consistency and quality of information exchange more important to anti money laundering efforts. A single transaction can involve multiple financial institutions, payment channels and jurisdictions, while each organisation...

The European Union’s new anti money laundering framework is placing greater emphasis on how financial groups organise and apply compliance controls across different entities and jurisdictions. Rather than relying on separate approaches at subsidiary level, the framework establishes stronger...

Germany's stance toward UniCredit's proposed takeover of Commerzbank appears to be shifting, with Berlin signalling a greater willingness to engage in discussions around the UniCredit Commerzbank Deal. After years of resistance, the German government's evolving posture has drawn attention...

The European anti money laundering framework is entering a new supervisory phase as responsibility shifts toward a more integrated model. The creation of the Authority for Anti Money Laundering and Countering the Financing of Terrorism introduces an EU level...

Visa and PayInit have announced plans to build shared payment infrastructure that will enable Swiss card-issuing banks to offer cross-border peer-to-peer payments. The development is designed to give financial institutions access to international payment networks without each bank having...

U.S. banking regulators are refocusing their supervisory approach, shifting examinations and enforcement actions toward material financial risks rather than minor procedural and documentation concerns. The updated Bank Supervisory Framework, led by the Office of the Comptroller of the Currency...