2008-2018: a decade marked by hefty fines for the banking industry

Cases of money laundering & sanctions/embargo breaches have become more common following the tougher regulatory environment. Since the 2008 crisis, large fines have been handed out which acted as a wake up call for the regulators & governments to act. Furthermore, the banking sector is over represented in the list of fines recipients: in total,… Lire la suite

Focus on the rising difficulties of carrying out correspondent banking activities

Currently, international attention is focused on the new “tariffs war” that the US and China have begun to wage. Many experts have expressed their concern on increasing trade barriers between the world’s largest economies. Rising regulatory scrutiny has also given many large institutions a cold feet which is being felt in some parts of the… Lire la suite