Never work with animals or children. I'm used to the latter - I work with Bob and Sam remember - but... more...
FDIC proposes exemptions from SAR requirements
one step forward or two steps back?
The Federal Deposit Insurance Corporation, which insures most, if not all, of America's leading banks, has invited comment on a proposed rule that would modify the requirements for FDIC-supervised institutions to file Suspicious...
the dog walk interview
we gave Bob a chance to rant, and now he wants his own series
As meeting indoors is now strongly discouraged, we took Sam Evans and Bob Blower to an open field and listened in. After editing out the reminders to stand further apart, we were left with a good solid thirty seconds.
The...
what's better than blockchain?
Clarency plans east-west blockchain bridge
Why have one blockchain when you can have two?
Our biz.Clarency platform for international trade is set to launch officially on 29th December 2020. It's one of only a handful of fully developed blockchain-enabled...
rules, rules and more rules
EU Council to consider harmonising AML/ATF rules
So the European Council is to meet to consider whether AML/ATF rules should be harmonised across the EU. Personal views on Brexit aside, this feels very much like a validation of one of the criticisms of the Council: that of...
are the banks complicit in money laundering?
global initiative suggests that banks and governments turn a blind eye to money laundering
In case you missed it, Global Initiative has published a challenging article about FinCEN documents leaked to BuzzFeed. Gabriel Moberg suggests that money laundering is going on with the knowledge both of banks and regulators.
Gabriel's...
a meeting of minds
InterlockLedger powers the biz.Clarency blockchain
It was always our intention, from the original whiteboard sessions, that biz.Clarency's underlying data handling would use blockchain technology. Its immutability lends itself perfectly to creating a trusted audit trail,...
is the correspondent banking decline slowing?
demand for cross-border payments is increasing
According to BIS in its article New correspondent banking data - the decline continues at a slower pace, the number of active correspondent banks fell by about 3% in 2019. Compared to the 22% decline between 2011 and 2019,...
don't fear the African opportunity
reaping safe rewards from blossoming economies
Despite mounting difficulties and spiralling non-compliance penalties, global remittances grew by 10% in 2018. The increase slowed in 2019, with the final figure expected to be 3.7%. But a slower increase is still an increase;...
employee hiring: is it time to change our approach?
how KYC can become KYE
The concept that any business's main differentiator is its employees is so over-used that it's virtually a cliché. Every company will boast that its most important asset is its people, but is that statement backed...
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