by Global Econ | Jan 29, 2024 | Conduct Risk Management and Surveillance
Financial institutions have multiple obligations to surveil the activity and behavior of their clients, counterparties, and associates. The scope of these obligations is growing as a higher percentage of client interactions are digitized, creating the expectation by...
by Global Econ | Jan 18, 2024 | Financial Crime
NASDAQ’s Verafin business unit released its 2024 Global Financial Crime Report this week, highlighting the scale of the problem with an estimated $3.1 Trillion in illicit funds flowing through the global financial system. One interesting aspect of the report is the...
by Global Econ | Jan 17, 2024 | Financial Crime
In a recent interview, Donna Achimov – the Chief Compliance Officer and Deputy Director of Canada’s FINTRAC financial intelligence unit – highlighted how they increasingly use artificial intelligence to monitor bank activity for suspected money laundering and...
by Global Econ | Jan 16, 2024 | Financial Services Consulting
Global Economics Group Expands Treasury and Capital Management Team Global Economics Group is pleased to announce that Peter Levitt, former Treasurer of CIBC, and Andrew Branion, former Treasurer of Scotiabank, have joined Global Economics Group’s Financial Services...
by Global Econ | Jan 9, 2024 | Financial Crime
The world is moving to real-time or near-real-time payments. The G20 established a Roadmap for enhancing cross-border payments in November of 2020. The roadmap aims to reduce costs and increase cross-border payments’ speed, access, and transparency. The speed...
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