March 02, 2015
Big Bank Size Under Fire From Regulators

The biggest global banks, including HSBC, RBS and JPMorgan Chase, are taking drastic measures to reduce their costs — and in most cases their size — in the face of...

February 27, 2015
Gov. Probes Citigroup About Money Laundering

Citigroup’s Banamex USA subsidiary is the subject of two more investigations for possible money laundering, the bank reported in an annual regulatory filing the SEC on Wednesday (Feb. 25). The...

February 26, 2015
NY Regulators Target Money Laundering

New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. In a speech at Columbia University on Wednesday...

February 24, 2015
The Global Cost Of Anti-Money-Laundering Efforts

Global efforts to prevent money laundering are both ineffective and incredibly expensive to maintain — and poor countries are the ones hit hardest by that cost, according to a commentary...

February 17, 2015
Covering the lending gap for SMEs in the United Arab...

The past two years have seen the exits of Standard Chartered, HSBC, Lloyds Bank and RBS from the small to medium enterprise sector in the United Arab Emirates. The exodus...

January 29, 2015
Citi’s Digital Chief Says Bitcoin’s Economics Are Flawed

Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s head of digital strategy. “If you take all bitcoin transactions last year,...

January 15, 2015
SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging

Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according to Cash & Treasury Management...

January 08, 2015
More Red Tape Coming For Cross-Border Payments

Regulators around the world are stepping up anti-money-laundering (AML) efforts, and, as a result, lenders are tightening the screws on cross-border payments, according to Corporate Treasurer. For example, Standard Chartered...

December 18, 2014
The Law Can Help – Or Hurt – Payments Innovation

The laws make it hard for payments players to innovate – but it doesn’t have to be that way. The rise of technological innovation in payments has been reciprocated with...