Dutch banks ING, ABN Amro, and Rabobank plan to join forces to share transaction data in a bid to reduce money laundering. Along with Volksbank and Triodos Bank they intend to launch a new agency to monitor all transactions, making it easier to detect unusual patterns. According to Dutch banking association NVB, around €16 billion laundered through the Netherlands every year.
Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...
Since the Bank Secrecy Act (BSA) was enacted 54 years ago to prevent and detect money laundering and terrorist financing, the compliance obligation has evolved from a basic reporting requirement into a highly complex and continually evolving anti-money laundering (AML) regime. An expert panel at A-Team Group’s RegTech Summit (NYC) in November convened to evaluate...
Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.
Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...
