In this paper, the Institute of International Finance and Deloitte Transactions and Business Analytics LLP highlight four areas of focus where continued reform could build on the good work and progress already underway globally to help improve the effectiveness of the anti-financial crime framework.
The IIF has provided comments on the US Financial Crimes Enforcement Network Advanced Notice of Proposed Rulemaking on AML Program Effectiveness.
The IIF and the Wolfsberg Group responded to a consultation of the European Banking Authority on de-risking in financial services.
The IIF submitted comments to the European Banking Authority on their recent consultation on money laundering and terrorist financing risk factor guidelines.
Robert Priester, Chief European Representative and Regulatory Counsel at the IIF, speaks with Martin Merlin, Director, DG FISMA, European Commission.
This IIF Staff paper outlines examples of financial crime typologies the industry and law enforcement are currently seeing, in light of the COVID-19 pandemic, in order to ensure collective awareness of new and emerging threats.
The April U.S. Regulatory Update covers U.S. regulators’ responses to COVID-19, the CARES Act, the recent FSOC meeting, the Fed’s stress capital buffer and CCAR announcements, and more.
The IIF responded to the European Commission’s recent consultation on a roadmap for changes to the Union’s AML/CFT framework.
The February 2020 IIF Global Regulatory Update provides updates on current work streams.
The IIF has commented on a Basel Committee Consultation on draft guidance for cooperation between AML/CFT and prudential supervisory authorities.