by Jyotsna Bucktowar | Dec 27, 2023
The amendment prohibits UK banks from processing payments that have been previously processed by a designated bank, or are intended for a designated bank. These transactions are prohibited even if the account holders that send and receive the funds are not designated,...
by AdrianaAMLP | Nov 29, 2023
The islands are now rated largely compliant with Recommendation 13, covering correspondent banking, and compliant with Recommendation 28 on DNFBPs.
by AdrianaAMLP | Oct 7, 2023
This licence is granted under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) and Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (“the Belarus Regulations”).
by AdrianaAMLP | Oct 28, 2022
The Principles detail risk-based due diligence measures that, when undertaken, allow the Correspondent Bank to assess the profile, customer base and Financial Crime Programme of its Respondent customers. These will assist Correspondent Banks in developing a...
by AdrianaAMLP | Mar 25, 2022
HMT approves revisions of JMLSG Guidance relating to monitoring customer activity and correspondent relationships including revisions to its guidance relating to trade finance and syndicated lending…
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