by Jyotsna Bucktowar | May 12, 2024
The proposed guidelines include the need to: (i) conduct comprehensive due diligence at both initial onboarding, as well as on an ongoing basis; (ii) develop a comprehensive credit risk mitigation strategy to effectively manage counterparty exposures; (iii) measure,...
by Jyotsna Bucktowar | Apr 3, 2024
This major public-private partnership will seek to overcome several structural inefficiencies in how payments happen, especially across borders, which add a layer of challenges: different legal, regulatory and technical requirements, operating hours and time zones....
by Jyotsna Bucktowar | Dec 15, 2023
The joint notice outlines red flag indicators applicable to both financial institutions and exporters in their due diligence efforts. Financial institutions and exporters are urged to adopt a risk-based approach and remain vigilant against evasion of global export...
by Jyotsna Bucktowar | May 31, 2023
BIS concludes Project Aurora; a proof of concept that explores new ways of combating money laundering with a combination of payments data, privacy-enhancing technologies, artificial intelligence (AI) and enhanced cooperation across institutions and...
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