Podcasts about European Banking Authority

Imagine battling 11 years of chronic pain, only to turn that struggle into a relentless drive for innovation. Now, picture building companies that serve giants like UBS Bank, KPMG, and the European Banking Authority—all while exploring the cutting edge of AI and Web3.Today's guest is not just a tech entrepreneur; he's a philosopher at heart, deeply influenced by thinkers like Nietzsche, constantly questioning the "why" behind everything. From managing Airbnbs to pioneering the Metaverse, and now leading Interactive Avatars, he's on a mission to redefine how businesses engage with their customers. Hosted on Acast. See acast.com/privacy for more information.

Mon, 24 Feb 2025 04:45:00 +0000 https://jungeanleger.podigee.io/2035-borsepeople-im-podcast-s17-16-sebastian-stodulka 8ec7f5bdd25c09167c5a8c9d618e0b71 Sebastian Stodulka ist Head of the Erste Group EU Liaison Office in Brüssel, wir haben uns vor einem Monat beim ZFA-Jahresauftakt in Wien kennengelernt, als Sebastian auf Einladung des Forums unser Hauptspeaker bei der Beiratssitzung war. Der in Brüssel lebende Grazer arbeitet seit 2013 für die Europäische Sparkassenvereinigung, ist seit 2022 exklusiv für die Erste Group tätig. Wir sprechen über die European Banking Authority, über FinDatEx, EBI, die Retail Investment Strategy und natürlich auch über die grossen Themen der europäischen Banken in Brüssel: die Wettbewerbsfähigkeit wird hier zuvorderst genannt, dann der Ausbau der Kapitalmärkte, aber auch eine gewisse Simplifizierung des einen oder anderen regulatorischen Prozesses. Es geht aber auch um Liaison Dangereuse, Othmar Karas, Harald Waiglein, Thomas Wulf, Heike Arbter, Fussball und Reisen, zb zum Surfen nach Portugal. https://www.erstegroup.com/de/home Harald Waiglein (BMF, EFSF) Börsepeople: https://audio-cd.at/page/podcast/5592/ About: Die Serie Börsepeople des Podcasters Christian Drastil, der im Q4/24 in Frankfurt als "Finfluencer & Finanznetworker #1 Austria" ausgezeichnet wurde, findet im Rahmen von http://www.audio-cd.at und dem Podcast "Audio-CD.at Indie Podcasts" statt. Es handelt sich dabei um typische Personality- und Werdegang-Gespräche. Die Season 17 umfasst unter dem Motto „25 Börsepeople“ 25 Talks. Presenter der Season 17 ist die EXAA (Energy Exchange Austria) https://www.exaa.at. Welcher der meistgehörte Börsepeople Podcast ist, sieht man unter http://www.audio-cd.at/people. Der Zwischenstand des laufenden Rankings ist tagesaktuell um 12 Uhr aktualisiert. Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/spotify , http://www.audio-cd.at/apple . 2035 full no Christian Drastil Comm. 1699

This week, John and Elliot discuss actions by the US Treasury against Hamas and fentanyl traffickers, new regulations from CFIUS to enhance enforcement of limitations on foreign investment in the US to protect national security, new guidelines from the European Banking Authority to streamline and standardize AML rules, observance of International Fraud Awareness Week, and several other items impacting the financial crime prevention community.

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of June 2024 and a re-release of a previous episode where they discussed global initiatives and pledges to address climate change, a significant greenwashing settlement, ESG and green investments in the financial sector. This is in light of a significant development in June this year, where the European Supervisory Authorities published their final reports on greenwashing in the financial sector. The report shows a significant increase in greenwashing events by European banks, and for the first time, the European Banking Authority is consulting on a new taxonomy and multiple flags including greenwashing. You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://orx.org/blog/top-5-orx-news-losses-q2-2024 ORX News subscribers can read more on the stories and information covered in this episode via the ORX News website at: https://news.orx.org/node/10882, https://news.orx.org/node/11235, https://news.orx.org/node/12007, https://news.orx.org/node/11859 and https://news.orx.org/node/12013. ORX News subscribers can also view climate news round-ups on the ORX News website here: https://news.orx.org/node/11680, https://news.orx.org/node/11813 and https://news.orx.org/node/12071. To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX' or visit: www.orx.org

Hello, and welcome to episode 115 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. Money laundering takes centre stage this week with Singapore announcing updates to National Risk Assessments (‘NRAs'), and the FATF announcing public consultation on its NRAs. The fall-out from the FATF Singapore Plenary last week with a response from South Africa respecting its timetable for removal from the ‘Grey List'. On sanctions, here is the usual mix of updates to designations and licences, and on bribery and anti-corruption an update on Andorra from GRECO. We then end with a round-up of the cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of Europe, Andorra: GRECO report on preventing corruption in top executive functions and the police.Department of Justice, Vice President of Kansas Company Pleads Guilty to Crimes Related to Scheme to Illegally Export U.S. Avionics Equipment to Russia and Russian End Users.EU Directorate-General for Trade, EU protects sanctions against Russian and Belarussian investors under Energy Charter Treaty.European Banking Authority, The EBA issues ‘travel rule' guidance to tackle money laundering and terrorist financing in transfers of funds and crypto assets.European Commission, EU further extends the scope of sanctions on Belarus to fight circumvention.European Council, Russia's war of aggression against Ukraine: EU lists two individuals and four entities for circumventing EU sanctions and materially supporting the Russian government.European Council, Belarus' involvement in Russia's war of aggression against Ukraine: new EU restrictive measures target trade, services, transport and anti-circumvention.European Securities and Markets Authority, New MiCA rules increase transparency for retail investors.Federal Bureau of Investigation, Private Industry Notification: Expansion of US Renewable Energy Industry Increases Risk of Targeting by Malicious Cyber Actors.Federal Register, Reimposing Certain Sanctions with Respect to Iran.Financial Action Task Force, Public consultation on FATF Money Laundering National Risk Assessment Guidance Update.Institute of Chartered Accountants in England and Wales, ICAEW joins forces with the International Federation of Accountants and the Basel Institute to offer anti-corruption guidance for accountants.Monetary Authority of Singapore, Singapore Refreshes the Terrorism Financing National Risk Assessment and National Strategy for Countering the Financing of Terrorism.National Health Service, Update on cyber incident: Clinical impact in south east London – Thursday 4 July.Office of Financial Sanctions Implementation, General licences - INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056.Office of Financial Sanctions Implementation, General Licence – Sale, divestment and transfer of financial instruments held by the National Settlement Depository and payment of safe keeping fees to the National Settlement Depository INT/2024/4919848.Office of Financial Sanctions Implementation, General Licence: Payments for Visa Application Services INT/2024/4907888.Office of Financial Sanctions Implementation, Guidance: Russian Oil Services ban.Office of Financial Sanctions Implementation, General Licence – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156.Office of Financial Sanctions Implementation, General Licence: Payments to Revenue Authorities INT/2024/4881897.Office of Foreign Assets Control, Treasury Sanctions Mexico- and China-Based Money Launderers Linked to the Sinaloa Cartel.South African Government, Treasury on Financial Action Task Force greylisting.The Wolfsberg Group, The Wolfsberg Group Statement on Effective Monitoring for Suspicious Activity.The Wolfsberg Group, The Wolfsberg Group Statement on Effective Monitoring for Suspicious Activity (Document).US Department of State, Imposing Sanctions on Entities and Vessels Trading in Iranian Petroleum or Petrochemical Products.US Financial Crimes Enforcement Network, Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Finance Deficiencies. 

Hello, and welcome to episode 114 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. A quieter than typical week this week, but there will be no complaints from me about that. A range of sanctions designations, including of those allies to the Kaspersky software provision. In the first bit of news respecting Turkey this week, the OECD has reported on Turkey's anti-foreign bribery enforcement, while on money laundering, the big news is the FATF Singapore Plenary, at which Turkey's fate and place on the ‘Grey List' was finally announced. There are a couple of fraud stories, and a brief cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of Europe, 14th package of sanctions on Russia's war of aggression against Ukraine: EU lists additional 69 individuals and 47 entities.Council of Europe, Russia's war of aggression against Ukraine: comprehensive EU's 14th package of sanctions cracks down on circumvention and adopts energy measures.Council of Europe, Cyber-attacks: six persons added to EU sanctions list for malicious cyber activities against EU member states and Ukraine.Eurojust, Eurojust leads efforts to step up judicial response to money laundering and asset recovery.European Banking Authority, The EBA welcomes the entry into force of the framework establishing the anti-money laundering and countering the financing of terrorism authority.European Commission, EU adopts 14th package of sanctions against Russia for its continued illegal war against Ukraine, strengthening enforcement and anti-circumvention measures.Financial Action Task Force, Vietnam's progress in strengthening measures to tackle money laundering and terrorist financing.Financial Action Task Force, Palau's progress in strengthening measures to tackle money laundering and terrorist financing.Financial Action Task Force, Outcomes FATF Plenary, 26-28 June 2024.Financial Action Task Force, Women in FATF and the Global Network.Financial Conduct Authority, Teamwork: A Smart way to tackle financial crime.Government of Singapore, Singapore Publishes National Asset Recovery Strategy.Information Commissioner's Office, Blog: Addressing concerns on the use of AI by local authorities.Interpol, USD 257 million seized in global police crackdown against online scams.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, General licence - INT/2023/2711256.Office of Financial Sanctions Implementation, General Licence: Payments for Statutory Audits INT/2024/4888228.Office of Foreign Assets Control, Treasury Sanctions Kaspersky Lab Leadership in Response to Continued Cybersecurity Risks.Office of Foreign Assets Control, Treasury Targets Shadow Banking Network Moving Billions for Iran's Military.Office of Foreign Assets Control, Counter Terrorism and Iran-related Designations; Counter Narcotics Designations Removals (Specially Designated Nationals List Update).Official Journal of the European Union, Council Decision (CFSP) 2024/1779 of 24 June 2024 amending Decision (CFSP) 2019/797 concerning restrictive measures against cyberattacks threatening the Union or its Member States.Organisation for Economic Cooperation and Development, Türkiye's foreign bribery enforcement remains poor and needs urgent overhaul despite some legislative improvements, says OECD Working Group on Bribery.Organisation for Security and Cooperation in Europe, OSCE hosts panel discussion on asset recovery at the International Anti-Corruption Conference in Vilnius.Spotlight on Corruption, The unfinished business of accountability for Glencore's corruption.The Guardian, DWP algorithm wrongly flags 200,000 people for possible fraud and error.Transparency International, Seven Steps to Restore Trust in the Political Class.United Nations Development Programme, Prime Minister Launches Revised National Anti-Corruption Strategy for Solomon Islands.US Department of Industry and Security, Commerce Department Prohibits Russian Kaspersky Software for U.S. Customers. 

Hello, and welcome to episode 91 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. A busy week for all principal aeras of financial crime. The institutions of the European Union have issued updated guidelines and reached agreement on new laws respecting anti-money laundering and countering the financing of terrorism. From the US, more Covid-19 fraud and convictions for insider dealing relating to the development of Covid-19 drugs, and plenty on cyber-attacks, including the publication of Allianz's annual risk barometer. Lots to get into, so let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Allianz, Allianz Risk Barometer 2024 – Rank 1: Cyber incidents.Council of the European Union, EU terrorist list: Council lists one individual in response to the 7 October attacks in Israel.Council of the European Union, Fight against terrorism: Council adds an individual to its autonomous sanctions list against ISIL(Da'esh) and Al-Qaida.Council of the European Union, Anti-money laundering: Council and Parliament strike deal on stricter rules.European Banking Authority, Final Report: Guidelines amending Guidelines EBA/2021/02 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘The ML/TF Risk Factors Guidelines') under Articles 17 and 18(4) of Directive (EU) 2015/849.European Central Bank, One step ahead: protecting the cyber resilience of financial infrastructures.Export Control Joint Unit, Notice: NTE 2024/02: General Trade Licence Russia Sanctions – Vessels.Federal Bureau of Investigation, How the FBI is Combating COVID-19 Related Fraud.Financial Crimes Enforcement Network, FinCEN Issues Analysis of Identity-Related Suspicious Activity (press release).Financial Crimes Enforcement Network, Financial Trend Analysis – Identity-Related Suspicious Activity: 2021 Threats and Trends Report.JD Supra, Safeguarding Your Loved Ones: Top Five Measures to Protect Against Elder Fraud and Abuse.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Bosnia and Herzegovina.Office of Foreign Assets Control, Treasury Targets Commodity Shipments Financing Iran's Qods Force and Houthis.The Guardian, ‘A 22-carat disaster': what next for British Library staff and users after data theft?Transparency International, EU Reaches Deal on Anti-Money Laundering Rules, Ending Uncertainty about how Watchdogs will Access Information on Companies' Real Owners.UK judgments, Phillips v The Secretary of State for Foreign, Commonwealth and Development Affairs [2024] EWHC 32 (Admin).United Nations, Casinos and cryptocurrency: major drivers of money laundering, underground banking, and cyberfraud in East and Southeast Asia (press release).United Nations, Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden and Accelerating Threat.US Department of Justice, Exporter sentenced to prison for shipping heavy equipment to Iran in violation of U.S. sanctions.US Department of Justice, Spring Valley Man Sentenced to One Year and One Day in Prison for $1.6 Million COVID-19 Fraud Scheme.US Department of Justice, Former Pfizer Employee Convicted at Trial of Insider Trading.US Department of State, Imposing Sanctions on Former Guatemalan Official for Corruption.US Department of the Treasury, Treasury Targets Price Cap Violation-Linked Shipping Company.US Department of the Treasury, Treasury Sanctions Former Guatemalan Official for Engaging in Mining-related Corruption.US Government Accountability Office, The Effectiveness of Economic Sanctions At Risk from Digital Asset Growth (blog post).US Government Accountability Office, Economic Sanctions: Agency Efforts Help Mitigate Some of the Risks Posed by Digital Assets.Verafin, 2024: Global Financial Crime Report.

Hello, and welcome to episode 86 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It has been another bumper week for financial crime news again this week. It's becoming a little silly now. Stories across every aspect of financial crime, so let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Ankura Consulting Group LLC, UK: The CurrentEconomic Climate - A Golden Age For Fraud?Council of the European Union, Humanitarianaction: EU introduces further exceptions to sanctions to facilitate thedelivery of assistance.Crown Prosecution Service, Oxbridge fraudstergets another eight-years in jail for failing to pay back £2.7m court order.Department of Justice, United KingdomNational Pleads Guilty to Hacking, Securities Fraud, and other Cybercrimes.Department of State, The United Statesand North Macedonia: A NATO Ally and Strategic Partner in the Balkans.Entain plc, Update on DeferredProsecution Agreement.European Banking Authority, The EBA consultson new Guidelines on preventing the abuse of funds and certain crypto-assetstransfers for money laundering and terrorist financing purposes.European Banking Authority, EBA issuesguidance to AML/CFT supervisors of CASPs.European Banking Authority, Final Report:Guidelines amending Guidelines EBA/GL/2021/16 on the characteristics of arisk-based approach to anti‐money laundering and terrorist financingsupervision, and the steps to be taken when conducting supervision on arisk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (TheRisk‐Based Supervision Guidelines).European Banking Authority, (Corrigendum)Final Report: Guidelines amending Guidelines EBA/GL/2021/16 on thecharacteristics of a risk-based approach to anti‐money laundering and terroristfinancing supervision, and the steps to be taken when conducting supervision ona risk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (TheRisk‐Based Supervision Guidelines).Europol, Internationalcollaboration leads to dismantlement of ransomware group in Ukraine amidstongoing war.Griffore, K.A., Bowra, A., Guilcher, S.J. et al., Corruption risksin health procurement during the COVID-19 pandemic and anti-corruption,transparency and accountability (ACTA) mechanisms to reduce these risks: arapid review. Global Health 19, 91 (2023).International Consortium of Investigative Journalists, Cypriotauthorities face scrutiny over probe into Russian billionaire's moves to dodgesanctions.Office of Financial Sanctions Implementation, General Licence –Correspondent Banking Payments INT/2023/3566356 (amendment).Office of Financial Sanctions Implementation, FinancialSanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, FinancialSanctions Notice: Libya.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Russia.Office of Financial Sanctions Implementation, OFSI successfullydefends first Court Review.Office of Foreign Assets Control, Treasury SanctionsMixer Used by the DPRK to Launder Stolen Virtual Currency.Serious Fraud Office, SFO secures ninemonth sentence for solicitor who tipped off client about criminal investigation.Spotlight on Corruption, Submission to HMTreasury's anti-money laundering consultation, September 2023.The Guardian, ‘This is whatsurvivors look like': the romance fraud victims who want to help others.Transparency International, PoliticalCorruption in Europe: A Threat to More than Public Funds.US Department of Justice, PrincipalAssociate Deputy Attorney General Marshall Miller Delivers Remarks at the NewYork City Bar Association's International White Collar Crime Symposium.

In this episode of Matheson Talks Financial Regulation, Ian O Mara, partner in the Financial Institutions Group and Claire Scannell, professional support lawyer to the Financial Intuitions Group consider the European Banking Authority's Guidelines on the use of Remote Customer On-boarding Solutions in connection with the 4th Money Laundering Directive and which apply from 2 October 2023. In particular, they address the scope of the Guidelines and what steps firms should take to implement the Guidelines.

Hello, and welcome to episode 71 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It's been a quiet week this week, but there is enough to keep us interested. As usual, I have linked the main stories flagged in the podcast in the description. These are: Department for Business and Trade, Guidance for the Registration of Overseas Entities on the UK Register of Overseas Entities Technical guidance for registration and verification (August 2023).Department for Business and Trade and Export Control Joint Unit, General Trade Licence Russia Sanctions – Legal Advisory Services.Department for Science, Innovation, and Technology, Cyber security skills in the UK labour market 2023.Electoral Commission, Public notification of cyber-attack on Electoral Commission systems.Entain Group plc, Update on HMRC Investigation.European Banking Authority, Report on the Functioning of Anti-Money Laundering and Countering the Financing of Terrorism Colleges in 2022 (EBA/REP/2023/31).Financial Conduct Authority, FCA and COLC Authorised Push Payment (APP) Synthetic Data Launch.Foreign, Commonwealth and Development Office, Largest ever UK action targets Putin's access to foreign military supplies (press release).Foreign, Commonwealth and Development Office, Guidance: The UK Sanctions List (updated: 10/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (08/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Belarus (08/08/2023).Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK? (updated: 10/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Global Anti-Corruption.Office of Financial Sanctions Implementation, Financial Sanctions: Global Anti-Corruption Consolidated Lists.The Washington Post, Opinion: Why a federal judge is pushing for an international anti-corruption court.UK Finance, Developing Guidelines for the Funds Transfer Regulations.UK Finance, Funds Transfer Regulation – ‘How To' Interpretative Guidance.US Department of Justice, Former Miami-Dade Corrections Sergeant Pleads Guilty to COVID-19 Relief Fraud.US Department of the Treasury, Joining Partners, U.S. Treasury Sanctions Former Central Bank Governor of Lebanon and Co-conspirators in International Corruption Scheme.US Department of the Treasury, U.S. Expands Sanctions on the Belarusian Regime, Marking the Three-Year Anniversary of the Fraudulent August 2020 Presidential Election.US Department of the Treasury, Remarks by Under Secretary Brian Nelson on Illicit Finance in Lexington, Kentucky.US Department of the Treasury, Treasury Imposes Sanctions on Russian Elites and a Russian Business Association (press release).US Securities and Exchange Commission, Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations (press release).

Hello, and welcome to episode 67 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been one hell of a busy week this week, where fraud and money laundering take centre stage, and we also round-up the cyber-attack news appearing across various outlets. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Amnesty International, West & Central Africa: Authorities must fight corruption and uphold the human rights of those who expose it.Beazley, Spotlight On: Cyber & Technology Risk 2023.British Council, Counter-fraud reports.European Banking Authority, Supervisors of banks are making progress in the fight against financial crime, the EBA finds (press release).European Banking Authority, Report On Competent Authorities' Approaches To The Supervision Of Banks With Respect To Antimoney Laundering And Countering The Financing Of Terrorism (Round 3 – 2022) (EBA/REP/2023/20).European Banking Authority, Opinion of the European Banking Authority on money laundering and terrorist financing risks affecting the EU's financial sector (EBA/Op/2023/08).European Securities and Markets Authority, ESMA Report On the Call for Evidence on pre-hedging.Financial Conduct Authority, The Financial Conduct Authority continues crackdown on unregistered crypto ATMs in the UK.Financial Conduct Authority, Final Notice: Bastion Capital London Ltd.Financial Conduct Authority, FCA fines Bastion Capital London Limited £2.5m for serious financial control failings.Gambling Commission, Sanction: Star Racing Limited.Gambling Commission, Gambling business Star Racing Limited fined £594,000.International Institute for the Unification of Private Law (UNIDROIT), Principles on Digital Assets and Private Law.JDSupra, 7 Key Practices Companies Should Implement to Ensure Cyber Safety in the Age of Remote Work.Office of Financial Sanctions Implementation, An Update to our Licensing Process: Returning Incomplete Applications.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Syria.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Sudan.Payment Systems Regulator, CP 23/4: APP fraud reimbursement requirement - draft legal instruments.Transparency International, Africa Anti-Corruption Day: Transparency International Calls On African Union Leaders To Act On Anti-Corruption Commitments.UK Government, Government and industry meet to progress the fight against fraud.United Kingdom Supreme Court, Philipp v Barclays Bank plc [2023] UKSC 25 (judgment).United Kingdom Supreme Court, Philipp v Barclays Bank plc [2023] UKSC 25 (press summary).US Office of Foreign Assets Control, Treasury Sanctions Official Linked to Corruption in Serbia.US Office of Foreign Assets Control, Treasury Sanctions Illicit Fentanyl Network Run by Key Sinaloa Cartel Family Members.US Department of Justice, U.S. Attorney Announces Charges Against Co-Director Of Think Tank For Acting As An Unregistered Foreign Agent, Trafficking In Arms, Violating U.S. Sanctions Against Iran, And Making False Statements To Federal Agents.US Department of Justice, Former Security Engineer For International Technology Company Arrested For Defrauding Decentralized Cryptocurrency Exchange.US Department of Justice, Allianz Global Investors U.S. Sentenced In Connection With Multibillion-Dollar Fraud Scheme.US Department of State, Designation of Juan Carlos Varela Rodriguez, Former Panamanian President, for Significant Corruption.

According to José Manuel Campa, Chairperson of the EBA, the increase in interest rates and uncertain macroeconomic environment have resulted in the materialisation of some risks impacting the banking sector. After years of increased resilience, the ability of the EU banking sector to weather these challenges is paramount to ensure economic resilience. A strong banking system will also provide support to the transition to a sustainable European economy. In his address to the IIEA, Mr Campa argues that regulation and supervision have contributed to strengthening the sector and the EU needs to continue to pursue a banking sector that supports the economy for the challenges ahead. About the Speaker: José Manuel Campa is the current Chairperson of the European Banking Authority. After studying law and economics at the University of Oviedo and earning his PhD in economics from Harvard University, Mr Campa taught finance at New York University and the IESE Business School and consulted for a number of international organisations including the World Bank, the IMF, the Bank for International Settlements, and the European Commission. He then served as the 10th Secretary of State for Economy of the Spanish Government and was most recently Director of Regulatory Affairs of Santander Bank.

Hello, and welcome to episode 61 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been a decent week this week, with a good range of money laundering stories, some bribery and anti-corruption news, and the usual round-up of cyber-attack news, with continuing repercussions for Latitude and Capita. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Austrac, AUSTRAC and Crown agree to proposed $450 million penalty.Entain Group plc, Update on HMRC Investigation (press release).European Banking Authority, EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers.European Parliament, MEPs propose reforms to protect democratic institutions and Parliament's integrity.European Parliament, Group leaders endorse first steps of parliamentary reform.European Public Prosecutor's Office, Lithuania: 27 arrested in probe into fraud involving up to €750 000 in funds for young farmers.Financial Action Task Force, Consolidated Assessment Ratings (updated).Financial Action Task Force, Qatar's measures to combat money laundering and terrorist financing.Financial Action Task Force, Mutual Evaluation Report: Qatar.UK Financial Conduct Authority, Do the right thing: Speech by Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the FCA.UK Financial Intelligence Unit, Guidance on submitting better quality Suspicious Activity Reports (SARs).UK Insolvency Service, Warning issued by the Insolvency Service on scams.UK Office of Financial Sanctions Implementation, The UK Sanctions List.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.UK Office of Financial Sanctions Implementation, Financial Sanctions Russia: Updated.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Somalia.UK Office of Financial Sanctions Implementation, Financial Sanctions Somalia: Updated.UK Office of Financial Sanctions Implementation, Trust Services Sanctions – 5 months on (blog).UK Office of Financial Sanctions Implementation, Sanctions: Trust Services (Guidance).UN, Security Council Extends Sanctions on South Sudan for One Year, Adopting Resolution 2683 (2023) by 10 Votes in Favour, with 5 Abstentions (press release).US Office of Foreign Assets Control, Treasury Sanctions Iranian Company Aiding in Internet Censorship.

Hello, and welcome to episode 52 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been a bumper week for financial crime this week, with big stories on fraud, money laundering, and especially bribery and anti-corruption. However, this week's big news in the UK – the publication by HMG of Economic Crime Plan 2 will be the subject of a podcast special coming up mid-week, so look out for that. Let's make a start on this week's still bumper edition. These are the links to the principal documents mentioned in the podcast: European Bank for Reconstruction and Development, EBRD and ACAMS step up anti-financial crime training in North Africa and Middle East.European Banking Authority, EBA consults on amendments to Guidelines on risk-based AML/CFT supervision to include crypto-asset service providers.European Parliament, New EU measures against money laundering and terrorist financing.European Union Agency for Cybersecurity, Cybersecurity market analysis of the cloud and an updated version of the cybersecurity market analysis framework.Financial Accountability and Corporate Transparency Coalition, Anti-Corruption Advocates Urge Treasury to Appoint a Permanent Director to Lead the Nation's Financial Crime Fighters (press release).Financial Accountability and Corporate Transparency Coalition, Permanent Leadership of the Financial Crimes Enforcement Network (FinCEN).Financial Crimes Enforcement Network (FinCEN), FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance (press release).Financial Crimes Enforcement Network (FinCEN), Beneficial Ownership Information Reporting.Gambling Commission, William Hill Group businesses to pay record £19.2m for failures (press release).Gambling Commission, WHG (International) Limited Public Statement.Gambling Commission, Mr Green Limited Public Statement.Gambling Commission, William Hill Organization Limited Public Statement.Transparency International, Summit for democracy: opportunity for governments to recommit to anti-corruption.Transparency International and Others, Cohort on International Cooperation for Anti-Corruption.UK Government, Government sets out strategy to protect NHS from cyber-attacks (press release).UK Government, Policy paper: Cyber security strategy for health and social care: 2023 to 2030.UK Government, OFSI General Licence INT/2023/2824812.US Department of Justice, CEO of Titanium Blockchain Sentenced for $21M Cryptocurrency Fraud Scheme.US Department of Justice, Justice Department Recovers Over $53M in Profits Obtained from Corruption in the Nigerian Oil Industry.US Department of Justice, Former Puerto Rico Mayor Convicted of Accepting Bribes.US Department of Justice, Correctional Officer Pleads Guilty to Receiving Bribes for Smuggling Drugs into D.C. Jail.US Department of Justice, Former Law Firm Partner Arrested For Bankruptcy Fraud.US Department of State, United States Imposes Sanctions on Iranian Military Procurement Network.US Department of State, Summit for Democracy 2023.US Department of State, Summit for Democracy Commitment on Beneficial Ownership and Misuse of Legal Persons.US Department of the Treasury, Treasury Continues to Sanction Procurement Networks for Iran's UAV and Weapons Programs.US Department of the Treasury, Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka's Aircraft.US Department of the Treasury, Treasury Sanctions Syrian Regime and Lebanese Actors Involved in Illicit Drug Production and Trafficking.US Department of the Treasury, Remarks by Secretary Janet L. Yellen on Anti-Corruption as a Cornerstone of a Fair, Accountable, and Democratic Economy at the Summit for Democracy.US Securities and Exchange Commission, SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.

Heya Cryptozens, Episode 498: Coinbase vs SEC French Influencers The European Banking Authority Needs Help and More Collect this cover at:  https://awrd.gg/2282 (3/23/2023)-Welcome back to the Crypto Overnighter. My name is Nikodemus, I'll be your host as we take a nightly look at the crypto, NFT and metaverse space and the industry that surrounds it. And keep in mind, nothing in this show should ever be considered financial advice.  Email: nick@cryptoovernighter.com Salem Friends of Felines: https://sfof.org/ Twitter: https://twitter.com/CryptoCorvus1 Patreon: https://www.patreon.com/user?u=67416221

► Zur Opening Bell+: https://bit.ly/360kochpc * Ein Podcast - featured by Handelsblatt. Helfen Sie uns, unsere Podcasts weiter zu verbessern. Ihre Meinung ist uns wichtig: www.handelsblatt.com/zufriedenheit Die Futures konnten sich von den vorbörslichen Tiefs deutlich erholen, wobei die Lage wenig transparent bleibt. Die EZB und European Banking Authority betonen, dass die Tier-1 Anleihen erst dann angetastet werden, wenn die Aktien im Vorfeld ausradiert sind. Damit reagiert man auf die Entscheidung der UBS/CS die Aktionäre vor die Inhaber dieser Anleihen zu stellen. Für die USA ist wesentlich wichtiger, wie es bei der First Republic weitergeht. Die 11. Größte Bank des Landes soll bis Ende letzter Woche 40% der Kundeneinlagen verloren haben. Eine Übernahme ist deutlich wahrscheinlicher geworden. J.P. Morgan betont erneut, dass das Umfeld der Banken mit der Finanzkrise nicht zu vergleichen sei, insbesondere nach den Maßnahmen der Regulatoren. Die Inflation sei zwar noch nicht „geheilt”, wie dem auch sei, ist das Wachstum aktuell robust, und wir sehen höchstwahrscheinlich das Ende von QT. Kombiniert mit niedrigeren Renditen und Realzinsen, und einer erneuten Ausweitung der FED-Bilanz, könne eine kurzfristige Rallye ausgelöst werden, mit dem Tech-Sektor im Lead. Dies sei allerdings nichts weiter als eine erneute Bärenmarkt-Rallye, die verkauft werden sollte. Um eine tragfähige Rallye zu bekommen, müsse die Inflation auf unter 3,5% sinken, und das Ertragswachstum zunehmen, bei einer gleichzeitigen Lösung der Bankenkrise. Abonniere den Podcast, um keine Folge zu verpassen! __________________________________________________ ► Zur Opening Bell+: https://bit.ly/360kochpc * ► https://www.instagram.com/kochwallstreet/ ► https://www.facebook.com/markus.koch.newyork ► https://www.youtube.com/user/kochntv ► https://www.markuskoch.de/ *Werbung

The Wolfsberg Group and the Institute of International Finance have issued a joint comment letter to the European Banking Authority on de-risking. John and Elliot discuss the details of the comment letter, including its recommendation that the EBA adopt definitions and other approaches on de-risking taken by FATF, as the EBA works toward updating its AML/CFT regime for the European Union.

In the last episode, I discussed the just-in-time method and how that is more effective than reactive firefighting, and I am now following up on that, talking about how I discovered the just-in-time method. As some of you may know, my earliest FinTech work was with Amazon and PayPal, and I share the lessons that I learned from projects on which I was the compliance point of contact. If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.    Today's episode: [01:04] I talk today about how I discovered the just-in-time method while working for PayPal and Amazon. [01:32] The biggest lesson I took away from Amazon and PayPal. [03:20] Asking customers lots of questions doesn't work with big companies. [04:41] Representing compliance at a FinTech means people will be biased against you. [06:18] I was working at PayPal in 2014. [07:16] I don't really believe in failures. [09:52] How I needed a sense of accomplishment and making progress at the job I had at the time. [12:12] The European Banking Authority issued guidelines which PayPal forgot to address. [14:18] How I defined my job. [15:12] I was invited to join a few other projects. [18:13] Summary of what I learned and accomplished. [19:03] My approach was the only thing that changed. [20:42] The second lesson that I learned. [23:18] I finish up with my golden rule.   Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

Peter Frey von PayTechLaw erklärt die Pläne der European Banking Authority (EBA) zu Open Finance und zeigt Herausforderungen in den Bereichen Krypto, Geldwäsche und mehr auf.

Peter Frey von PayTechLaw erklärt die Pläne der European Banking Authority (EBA) zur künftigen Gestaltung von Kundenauthentifizierungen bei Zahlungsprozessen mit Hinblick auf die PSD3.

Hello, and welcome to this week in financial crime. I'm your host, Chris Kirkbride. Another busy week this week. It's mainly fraud and money laundering which dominates the stories this week, but there are some other bits and pieces just to keep it from getting boring.These are the links to the principal documents mentioned in the podcast:Chartered Trading Standards Institute (CTSI), CTSI urges shoppers to be careful what they bargain for this Black Friday.Counter-fraud initiative, Take Five to Stop Fraud.European Banking Authority, EBA publishes guidelines on remote customer onboarding.Interpol, Cyber-enabled financial crime: USD 130 million intercepted in global INTERPOL police operation.JD Supra, Supreme Court To Consider the Boundaries of Bribery.Metropolitan Police, More than 100 arrests in UK's biggest ever fraud operation.UK Government, UK ban on Russian oil an oil products.UK Government, Security Minister welcomes new support for fraud victims.UK Insolvency Service, Retailers disqualified after abusing covid loans.UK Insolvency Service, Hebburn engineering boss banned for Bounce Back Loan abuse.UK Insolvency Service, Southampton nursing agency boss given 11-year ban for abuse of Bounce Back Loan scheme.UK Insolvency Service, Essex property developer banned for falsely claiming Bounce Back Loan.US Department of Justice, Four Defendants Indicted for Securities Fraud, Conducting International Pump-and-Dump Scheme, and Money Laundering. 

In questa puntata:–Federico Fabiani, fondatore di "Scambi Europei", ci elenca le ultimissime e concrete opportunità di studio, stage e lavoro in Europa e nell'UE;–Enrica Piovesan, Policy Officer di 40 anni al lavoro presso la European Banking Authority a Parigi, ci spalanca le porte del mondo delle carriere internazionali, all'interno delle agenzie e autorità indipendenti UE;–Alessio Romeo, esperto in Digital Innovation e processi di HR Transformation, ci porta a scoprire i trend lavorativi e le migliori offerte di impiego in Europa e nel mondo;-nella rubrica "Expats Social Club" prosegue la serie di pillole informative, dedicate a consigli pratici e di orientamento su studio-tirocinio-lavoro all'estero. Oggi con Eures Italia facciamo il punto su come cercare impiego nel Vecchio Continente usando i canali digitali.CONNETTITI CON "GENERAZIONI MOBILI""Studiate/lavorate/siete imprenditori all'estero? Siete junior o senior? Avete una storia da raccontare e consigli preziosi da dare per cogliere opportunità oltreconfine, sfruttando le occasioni di mobilità internazionale? Scrivete a: generazionimobili@radio24.itOppure, avete domande da porre su come studiare/fare stage/lavorare/avviare start-up all'estero? Inviatele a: generazionimobili@radio24.itInfine, avete un sito/blog all'estero, nel quale fornite consigli pratici su come trasferirsi nel vostro attuale Paese di residenza? O avete scritto un libro su questo tema?Segnalateci tutto, sempre a: generazionimobili@radio24.it

Hello, and welcome to this week in financial crime. I'm your host, Chris Kirkbride. As ever with financial crime, there is always decent range of stories to ensure that things never get boring. A little bit on sanctions, but I still cover it first. Secondly, some interesting cyber initiatives announced, together with some announcements relating to combatting financial crime from a professional body and the DoJ in the US. And, we end this week with some bits and pieces on money laundering. These are the links to the principal documents mentioned in the podcast:Council of the EU, Russian aggression against Ukraine: EU individual sanctions over territorial integrity prolonged for a further six monthsDraft The Sanctions (Damages Cap) Regulations 2022EU Council Implementing Regulation (EU) 2022/1501 of 9 September 2022 implementing Regulation (EU) No 208/2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in UkraineFinancial Action Task Force and INTERPOL Joint Asset Recovery InitiativeInternational Federation of Accountants (‘IFAC') and International Bar Association, Action Plan to Tackle Economic Crime and CorruptionJoint Committee of the European supervisory authorities (European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) this week issued their Autumn Joint Risk ReportOFSI Russia Financial Sanctions NoticeOFSI DPRK Financial Sanctions NoticeUS DoJ speech by Lisa Monaco at NYU

Hello, and welcome to this week in financial crime. I'm your host, Chris Kirkbride. Actually, once again it's been quite a varied week this week with lots of interesting stories, and one very interesting fraud announcement next week, if what's doing the rounds on the news wires is anything to go by. Anyway, what will we be taking a look at? Well, there are some bits on sanctions – some useful Q&As – and a decent range of money laundering stories, including some quiet time for HSBC with an announcement by the US Federal Reserve. On fraud, some stuff coming out of the US on avoiding Social Media scams and updates to its Whistle-blower rules. In the UK there is a Call for Evidence on Unauthorised Account access and misuse of personal data. Finally, I take a brief look at the announcement by the dual regulators in the UK on the investigation into HBOS plc management following the global financial crisis. Yup, 15 years later and we're still wittering on about it.These are the links to the principal documents mentioned in the podcast: European Banking Authority, Report on the Function of the AML/CFT supervisory colleges in the European Union, together with the Press Release.Law Society Sanctions and Russia Q&As from its Practice Advice ServiceOFSI Blog, Reporting to OFSI: what do I need to do?OFSI, UK Financial Sanctions Updated General Guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018UK Home Office, Call for Information: Unauthorised Access to Online Accounts and Personal DataUS Department of Justice Press Release on Warrant of Seizure on PJSC LUKOIL aeroplane, and official court documentUS Securities and Exchange Commission, Office of Investor Education and Advocacy, Social Media and Investment Fraud

In the fifth episode of season 6 of the Compliance Clarified podcast, Susannah Hammond is joined by Rachel Wolcott and Brett Wolf to look at the compliance challenges posed by financial crime in general and sanctions in particular. Links to content referenced in the discussion: European Banking Authority new guidelines for MLROs which come into effect on December 1 2022 https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Guidelines/2022/EBA-GL-2022-05%20GLs%20on%20AML%20compliance%20officers/1035126/Guidelines%20on%20AMLCFT%20compliance%20officers.pdf MEPs present plans to crack down on financial crime with new Anti-Money Laundering Authority https://www.europarl.europa.eu/news/en/press-room/20220613IPR32836/meps-present-plans-for-new-anti-money-laundering-authorityACAMS Ukraine crisis hub https://www.acams.org/en/ukraine-crisis-rapid-response-resources#rapid-response-briefs-6c1b6814 https://www.moneylaundering.com/news/hunt-for-russian-wealth-exposes-eus-sanctions-shortcomings/ 'Reputation launderers,' disinformation campaigns hinder sanctions and financial crime compliance efforts https://www.jdsupra.com/legalnews/reputation-launderers-disinformation-8673225/ Amendments to the Money Laundering, Terrorist Financing and Transfer of funds (information on the payer) regulations 2018 statutory instrument 2022, response to the consultation https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1082704/MLRs_SI_2022_-_Consultation_Response.pdf New Office of Financial Sanctions Implementation (OFSI) penalty guidance https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1081195/OFSI_Enforcement_guidance_June_2022.pdf Putin's People by Catherine Belton https://www.theatlantic.com/magazine/archive/2020/09/catherine-belton-putins-people/614212/ Lazarus Heist: North Korean hacks https://www.bbc.co.uk/programmes/w13xtvg9/episodes/downloads Superyachts: https://news.sky.com/story/pr-stunt-captain-of-38m-superyacht-seized-in-london-says-govt-has-got-the-wrong-guy-12634728 U.S. Treasury defines ‘new investments' https://www.linkedin.com/posts/amlwolf_treasury-defines-new-investment-activity-6942883691002019840-Alqm?utm_source=linkedin_share&utm_medium=ios_app The survey for the TRRI annual fintech, regtech and the role of compliance report – if you would like to take part in that please click the below link https://reuters.az1.qualtrics.com/jfe/form/SV_9HckOjpJJTOp3EO Further information on Thomson Reuters Regulatory Intelligence can be found at: https://legal.thomsonreuters.com/en/products/regulatory-intelligence?elqTrackId=73370082102a4669b4d34524158b501c&elqaid=3945&elqat=2

Hear from Eila Kreivi, Chief Sustainable Finance Advisor at the European Investment Bank, as we take a closer look at the EU Taxonomy, including what it is and isn't, how it developed, and what it means for the future of sustainable finance. A key challenge with tackling climate change is how to channel the vast amount of private sector investment towards activities that are ‘green' or transitioning to green.  Taxonomies are potentially useful, setting out definitions and thresholds for activities to count as green. But although taxonomies have the potential to improve market clarity and reduce ‘greenwash', they are resource intensive to construct and are open to misuse. The EU Taxonomy for Sustainable Finance is one of the most ambitious green taxonomies in the world, and has been the subject of much debate (and confusion) since its ratification in 2020. That's why in today's episode, we'll set the record straight on what the EU taxonomy does, what it doesn't do, and how what it means for financial professionals, including: The history of the Taxonomy and its high-level objectives, How the Taxonomy's implementation is shaped by both science and politics, How the Taxonomy may evolve in the future.   Links from today's discussion: European Investment Bank (EIB) homepage: https://www.eib.org/en/index.htm International Capital Markets Association (ICMA) homepage: https://www.icmagroup.org European Commission – The High-Level Expert Group on Sustainable Finance's reports: https://ec.europa.eu/info/publications/sustainable-finance-high-level-expert-group_en ‘Do no significant harm' - Technical Guidance by the EU Commission - https://ec.europa.eu/info/sites/default/files/2021_02_18_epc_do_not_significant_harm_-technical_guidance_by_the_commission.pdf Mark Campanale on the Climate Risk podcast (discusses the EU Taxonomy at 00:16:08) - https://www.garp.org/podcast/net-zero-supply-side-issue-cr-220303 European Banking Authority on bank reporting standards for environmentally sustainable activities - https://www.eba.europa.eu/eba-advises-commission-kpis-transparency-institutions%E2%80%99-environmentally-sustainable-activities European Commission – Platform on Sustainable Finance: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance/overview-sustainable-finance/platform-sustainable-finance_en European Commission – International Platform on Sustainable Finance: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance/international-platform-sustainable-finance_en Speaker Bio Eila Kreivi, Chief Sustainable Finance Advisor, European Investment Bank (EIB) Eila took up her current position at the EIB in February 2022. Over her 27-year career at the EIB, she held numerous positions, including most recently as Director of its Capital Markets Department. Previously, Eila has chaired the Executive Committee of the Green Bond Principles and she represented the EIB at the EU High-level Expert Group on Sustainable Finance. In October 2020, she became a member of the Platform on Sustainable Finance, an advisory body created by the European Commission.

In the second episode of season 5 of the Compliance Clarified podcast, Susannah Hammond is joined by Rachel Wolcott and Mike Cowan looking again at operational risk with, in particular, a focus on the impact of cyber on operational risk and resilience. Links to content referenced in the discussion: Operational resilience: next steps on the PRA's supervisory roadmap − speech by David Bailey, UK Prudential Regulation Authority https://www.bankofengland.co.uk/speech/2022/april/david-bailey-speaker-at-uk-finance-event-operational-resilience-beyond-2022 SS2/21 Outsourcing and third party risk management: https://www.bankofengland.co.uk/prudential-regulation/publication/2021/march/outsourcing-and-third-party-risk-management-ss SEC Charges Five Russians in $80 Million Hacking and Trading Scheme https://www.sec.gov/news/press-release/2021-265 SEC Announces Three Actions Charging Deficient Cybersecurity Procedures https://www.sec.gov/news/press-release/2021-169 EU NIS 2 Directive https://ec.europa.eu/commission/presscorner/detail/en/ip_22_2985 The European Banking Authority's (EBA) Report on Convergence of Supervisory Practices in 2021 https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Reports/2022/1032485/Report%20on%20convergence%20of%20supervisory%20practices%20in%202021.pdf Further information on Thomson Reuters Regulatory Intelligence can be found at: https://legal.thomsonreuters.com/en/products/regulatory-intelligence?elqTrackId=73370082102a4669b4d34524158b501c&elqaid=3945&elqat=2

Regulation is increasingly shaping the agenda for environmental, social and governance-focused investors. In many parts of the world, regulators are working to bring clarity to an often-confusing ESG market amid an alphabet soup of different voluntary frameworks. The European Banking Authority, which oversees EU banks, is one such regulator. Earlier this year, it said it will ask banks to disclose information on climate risks and their plans to address those risks from 2023. For this episode of the ESG Insider podcast, we interviewed Pilar Gutierrez, Head of Reporting and Transparency at the EBA, about the new standards, how they fit with a push for more standardized reporting internationally, and what improvements banks will have to make. “Many corporates or banks are already providing disclosure reports on nonfinancial information according to the TCFD recommendations,” Pilar tells us. “But when assessing these reports, we still observe growth for improvement in terms of consistency and comparability of the disclosures.” We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images

On January 31, the European Supervisory Authority which oversee the European Banking Authority, The European Insurance and Pensions Authority and the European Securities and Markets Authority issued a position paper. The body issued a Joint European Supervisory Authority response to the European Commission's February 2021 Call for Advice on digital finance and related issues. This 109 page document outlines how the regulator is concerned with the rapidly evolving picture of distributed financial services. The regulator is used to financial transactions flowing through a manageable number of relatively centralized institutions like banks, brokerage houses, and publicly listed stock exchanges. In the 109 page document, they don't do much except wring their hands in worry over something that has been rapidly becoming mainstream over the past five years. So what does this all mean? It means that the EU is playing catch-up, as are governments the world over. We have seen governments very slow to respond to technology. It's taken nearly three decades since the advent of the internet for governments to even figure out how to get major platforms to collect sales taxes. It's easy to assume that new technologies that are not covered by regulations will be exempt from regulation.

Henrik Rosvall, CEO and founder of Scandinavian digital bank Dreams, joins us on What the FinTech? for this week's episode. For our numbers-based stories this week we talked about the acquisition of buy now, pay later (BNPL) GreenSky by Goldman Sachs and how the European Banking Authority plans to improve its supervisory coverage of platform-based business models in Europe. In the main discussion we talk to Henrik about the future of digital banking, what customers are looking for from their finance-focused mobile applications, and how Big Tech may be disrupting the way we bank in the future. Stay tuned to the end to find out what Henrik wants to lock away in our buzzword prison, the Fintech Jail!

Nick Hubble interviews two formerly ‘evil bankers' from UBS and Lehman Brothers. He asks them about the European Banking Authority's report on just how bad the exodus of bankers fleeing from Brexit really was in the end. And… what happens next for the City.Find out what the insiders think about Project Fear, the EU's attempt to steal the City and our future as the world's financial centre in this video. Want to hear more from Nigel and the Fortune and Freedom team? Visit https://fortuneandfreedom.com/

How can governments, the European Commission and the European Central Bank keep to their mandates of financial stability and encourage growth in the euro area during this critical part of the recovery from Covid-19? Pedro Duarte Neves, alternate chairperson of the European Banking Authority from 2013-18 and senior adviser of the board of directors of Banco de Portugal, joins Ellie Groves, managing director of the OMFIF Institute, Economic and Monetary Policy to discuss the economic position of the euro area and differences between countries and sectors. They also cover the implications of the US fiscal stimulus on euro area inflation expectations and what help is needed for businesses to stay solvent as government support is slowly tapered.

European Banking Authority's Slavka Eley joins host FNA's Isabella Ivanov to discuss her experience as a woman in finance and the role women will play in the industry in the future. ​ Slavka Eley joined the European Banking Authority in 2013 and currently leads the Banking Innovation and Products Unit, responsible for the EBA's work on financial Innovation, digital finance, capital market union and sustainable finance. As part of her current role, she leads the EBA project team on sustainable finance. Additionally, Slavka represents the EBA at European and international working groups, including the FSB Financial Innovation Network, the European Commission's Platform on Sustainable Finance and Basel Committee's Taskforce on Climate Risk. Over the past few years, Slavka has chaired different working groups at the EBA, such as the Network on Sustainable Finance, the Sub-group on Risk Assessment Systems, the mandate to develop the European Supervisory framework and the Subgroup on supervisory Effectiveness and Convergence. Before joining the EBA, Slavka worked for the National Bank of Slovakia as the Head of Supervisory Division for Banks with Advanced Risk Management Approach, responsible for supervising all large banks in Slovakia. Slavka holds an MBA in general management from the City University of Seattle and a Master's degree in Mathematics and Physics from the Comenius University Bratislava. 00:00:00 Introduction 00:00:26 Slavka's Role at EBA and Introduction to EBA 00:02:02: What topics are you focusing on under the Digital Finance work 00:03:31: Education and the background to your current role 00:07:40: Is diversity an issue in the industry anecdotally speaking 00:12:53: Importance of diversity in Technology and finance

In this episode, we go on a whistle-stop tour of past and pending sustainability and remuneration regulations in the banking sector with special guest, Piers Haben, Director at the European Banking Authority.Your action takeaways from Piers:1.    Understand the framework, metrics and disclosure requirements the EBA is creating to allow banks to identify where they are today and where they want to be in the future.2.    Create an appropriate ESG strategy.3.    Start thinking about how your remuneration framework supports your long-term ESG strategy.TO CONTINUE THIS CONVERSATION, PLEASE EMAIL ME AT client.care@peoplenet.ltd.ukTO GET EACH EPISODE OF THIS PODCAST STRAIGHT TO YOUR INBOX, PLEASE SUBSCRIBE HERE: https://www.peoplenet.ltd.uk/newsletter/

Episode 2: The Next Year in Payments Jean Price & Arjun Lakhani An increase in outsourcing in the payments sector has brought with it increased regulatory scrutiny. Now payment institutions in the EU must take into account new outsourcing guidelines from the European Banking Authority. Jean Price and Arjun Lakhani discuss the key points for payment institutions to consider when assessing new and existing outsourcing arrangements.

Episode 2: The Next Year in Payments Jean Price & Arjun Lakhani An increase in outsourcing in the payments sector has brought with it increased regulatory scrutiny. Now payment institutions in the EU must take into account new outsourcing guidelines from the European Banking Authority. Jean Price and Arjun Lakhani discuss the key points for payment institutions to consider when assessing new and existing outsourcing arrangements.

After a short hiatus, Sam and Marie return and kick off 2021 with a detailed review of the European Banking Authority's Opinion on the Financial Crime Risks facing financial services businesses in the EU. Looking at the updated to the EBA's findings first published in 2019, Sam and Marie explain the methodology applied in assessing various financial crime risks and the measures the EBA proposes will help to mitigate them. Part 1 of this series looks at the EBA's assessment of the Cryptocurrency sector - and which types of businesses are thought to have the greatest financial crime risks when dealing with both virtual currency providers, and the virtual asset service providers. 

Continuing with a detailed review of the European Banking Authority's Opinion on the Financial Crime Risks facing financial services businesses in the EU, Sam and Marie discuss how FinTechs are still considered to pose an elevated financial crime risks in the EU, concerns around the use of remote onboarding and other RegTech and why the terrorist financing risks are not seen to have changed since 2019 and what's needed to address it. Sam and Marie also take a quick peak at what the newly revised Risk Factor Guidelines require when it comes to addressing terrorist financing, and its possible impact on existing financial crime compliance programs.

In the final part of the series, Marie and Sam discuss how remote onboarding has proven to be an essential lifeline for many businesses during the pandemic.  However, the European Banking Authority's Opinion reflects that AML regulators in the EU are still concerned that businesses may not be onboarding customers in a way that effectively mitigates those classic "non face to face" financial crime risks. Hear what their proposal to address this is - and of course, no opinion would be complete without revisiting the UK's departure from the EU. Have those dreaded financial crime risks identified by the EU in 2019 related to Brexit actually come true?

In episode 193 of the Transatlantic Cable, Dave and Jeff look at news around a new ransomware attack that hit a bank in the US, which also included a doxing angle few expected. From there they look at a story over on Threatpost about Google’s decision to begin the process of removing third-party tracking cookies from its browser.  However, the technology they’re looking to replace it with, FLoC (Federated Learning of Cohorts) is not without its critics. From there, there’s discussion on DeepFakes and the business opportunities they may hold, along with the concerns that people still have with them.  To wrap up, They briefly touch on a breaking news story around the European Banking Authority being hit by a Microsoft Exchange attack.

Nir Levy, VP Product & Omer Aljanati, Senior Product Manager, CredoraxIn 2019, the European Banking Authority announced a delay to the enforcement of Strong Customer Authentication (SCA). With the new deadline fast approaching, is the European payment ecosystem ready to fully support and comply to 3DS 2.0? Robin Amlôt of IBS Intelligence spoke with Nir Levy and Omer Aljanati of smart payments provider Credorax. 

New research commissioned by Visa shows that over half of Irish consumers (53%) plan to continue shopping online where possible due to COVID-19, highlighting the growing importance of eCommerce to the Irish economy. Furthermore, restrictions on in-store trading during lockdown has spurred one in four (24%) Irish small businesses to begin selling online for the first time. Despite the increased appeal of eCommerce, thousands of Irish SMEs risk being unable to trade online successfully due to not having new security features enabled as part of the EU Payment Service Directive (PSD2). From 1st January 2021, online transactions in Europe will be subject to Strong Customer Authentication (SCA) measures – requiring banks to request additional information from consumers, such as a fingerprint or four-digit one-time passcode, to verify a purchase. Those businesses that have not prepared for the regulation, and therefore cannot always deliver compliant transactions, may find that banks have to decline customer payments. Given COVID-19 has been the primary focus for most Irish businesses over the past few months, Visa is highlighting the deadline for SCA compliance to ensure companies avoid disruption to their online services in the run-up to the crucial Christmas shopping period. The Visa-commissioned research found that 73% of Irish small businesses have a desire to increase their online presence. This is why Visa is urging Irish small businesses to contact the company that hosts their online checkout service to help them implement 3D Secure – in Visa’s view the technology most suited for meeting SCA requirements. Commenting on the research findings, Philip Konopik, Ireland Country Manager, Visa, said: “Since the outbreak of COVID-19, online trading has become increasingly vital for small businesses to reach their consumers. There is a real risk, however, that thousands of Irish small businesses will suddenly find this critical source of revenue switched off because they have failed to prepare for Strong Customer Authentication requirements. We understand that small businesses have other priorities in the current environment, but the deadline set by the European Banking Authority is approaching quickly. We are urging any Irish small businesses selling online to contact the company that hosts their online checkout service as soon as possible to switch on the most up-to-date 3D Secure technology and ensure that customers’ transactions are not declined come the New Year.”

#CryptoCorner: Tobacco Shops in Paris Selling #Bitcoin, European Banking Authority Recommends Further Analysis Before EU-Wide #Crypto Regulation

Vi önskar alla våra lyssnare och tittare en fantastiskt god jul och ett gott nytt år. Såhär dan före dopparedan bjuder vi på 4 julklappar som vi hoppas att ni ska gilla. Vi diskuterar Enforcement Tracker, ENISA cloud certification, DPO-rollen och European Banking Authority. --- Send in a voice message: https://anchor.fm/stacken/message

Patrick Jenkins and guests discuss the EBA report on mounting risk in the European banking system, Goldman Sachs’ first ever investment day and why the pensions of UK banking CEOs are being cut. With special guest Mario Quagliariello, director of economic analysis at the European Banking Authority.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent and Laura Noonan, US banking editor. Producer: Persis Love See acast.com/privacy for privacy and opt-out information.

An increase in outsourcing in the payments sector has brought with it increased regulatory scrutiny. Now payment institutions in the EU must take into account new outsourcing guidelines from the European Banking Authority. Jean Price and Arjun Lakhani discuss the key points for payment institutions to consider when assessing new and existing outsourcing arrangements.

Patrick Jenkins and guests discuss why new powers given to Europe’s banking watchdog may not be enough to stem the tide of dirty money sweeping through the bloc, a potential bad-debt build up in China's banking system, and why so many bankers in New York seem to love running. With special guest José Manuel Campa, chairman of the European Banking Authority.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Don Weinland, Beijing financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.

On this day prior to “May the 4th Be With You” the lads bid farewell to Chewbacca the Wookiee and hello to the DOJ new Guidance on what constitutes a best practices compliance program. Jay and Tom discuss both events some of this other week’s top compliance and ethics stories which caught their collective eyes.  1.    New Guidance released by the DOJ. 2.    Assistant Attorney General Brian Benczkowski delivered the goods on compliance programs at ECI IMPACT 2019. 3.    Why is GDPR like sex education? 4.    Credit Suisse in more deep trouble over tuna boat scandal. 5.    Compliance Week premiers a new website. EIC Dave Lefort explains what it means for you. 6.    Management of 3rdparties is where the rubber meets the road. 7.    European Banking Authority ends investigation into Danske bank scandal with no action. 8.    What’s the social nature of work? 9.    Veronica Martinez says there are four stages of a compliance program: Prevent, Detect, Investigate and Remediate. 10. Tom has a special 5-part podcast series with David Greenberg, Special Advisor at LRN on Boards and Compliance. Check out the following: Part 1-What’s the Tone at the Very Top; Part 2-Board Understanding and Your Game Plan; Part 3- Not Enough Time/Not Enough Depth; Part 4-Metrics and Senior Management; Part 5-the road ahead.  The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube,  Spotifyand Corporate Compliance Insights. The Compliance Podcast Networkpremiers.11. Jay and Tom are joined by Sean Friedlin to take a deep dive in Marvel’s Endgame in Popcorn and Compliance. The podcast posts on Saturday, May 4 at 6 AM on the above sites. 12. Our favorites scenes involving Chewbacca.  Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.  For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Following an extraordinary week of developments which saw the removal of Danske from Estonia, its voluntary departure from Latvia, Lithuania and Russia, the launching of an investigation of both Danish and Estonian regulators by the European Banking Authority, the prolonging of an argument between the two regulators by the publication of hitherto private correspondence AND the addition of Swedbank to those embroiled in the laundromat, we've recorded a special episode to talk about all these developments.And what developments they have been!Support the show

#CryptoCorner: Tobacco Shops in Paris Selling #Bitcoin, European Banking Authority Recommends Further Analysis Before EU-Wide #Crypto Regulation

#CryptoCorner: Tobacco Shops in Paris Selling #Bitcoin, European Banking Authority Recommends Further Analysis Before EU-Wide #Crypto Regulation

#CryptoCorner: Tobacco Shops in Paris Selling #Bitcoin, European Banking Authority Recommends Further Analysis Before EU-Wide #Crypto Regulation

Patrick Jenkins and guests discuss a warning from the European Banking Authority that banks' plans for a hard Brexit are inadequate, Commerzbank's latest experiment with artificial intelligence in writing research reports, and Bank of America's decision to beef up its investment banking operations in Paris. With special guest Andrea Enria, chief executive of the European Banking Authority.Contribute to our listener survey and enter our prize draw here. See acast.com/privacy for privacy and opt-out information.

In a recent speech Bank of England Governor Mark Carney said that crypto assets are not and cannot be money - but they must now be regulated and become a fully fledged part of the financial system nonetheless.  It turns out the European Banking Authority has a very different plan - and says otherwise and that over-regulation is a bad idea. Innovation should be supported and encouraged to flourish! The SEC says there's no such thing as a token which doesn't look like a security - and seeks to regulate everything in sight.  Meanwhile the Swiss regulator (not to mention the state of Wyoming) clearly recognises digital tokens based on blockchain technology can have a range of purposes and represent a range of things including services (or utilities) and assets. Central banks and regulators may all be used to being the authority, setting the rules for everyone else, but - in this globalised world they can't all be right! So who's view will win out? Well given that this is a darwinian battle the answer is simple - the fittest the most functional. Having earlier taken a look at Mark Carney's speech in an article "MONEY AND THE FUTURE OF THE BANK OF ENGLAND: HAS THE CRYPTO BATTLE BEGUN?" (at https://irishtechnews.ie/money-and-the-future-of-the-bank-of-england-has-the-crypto-battle-begun/) in this  episode I debate the global situation and the future of all this with thought leader Thomas Power and Blockchain expert Manie Eager. With a postscript on the EBA's intervention, which came just before release.  

In this month’s Taxcast: we look at the United States, Trump’s tax reforms and the killing of the American Dream. Plus: as we see yet another school shooting, should the powerful National Rifle Association continue to be a tax-exempt, non-profit organisation? And we discuss ongoing state-capture in Malta as the European Banking Authority investigates Pilatus bank, the subject of murdered journalist Daphne Caruana Galizia’s investigations. Can the Malta Financial Services Authority possibly be ‘fully equipped and free from conflicts of interest to perform its supervisory duties’?

Episode 23 of POLITICO's EU Confidential podcast features Thomas Bach, the president of the International Olympic Committee. This week, we've got two feature interviews for you. As well as Bach, there's Adecco Group board member Stephan Howeg. We also talked to POLITICO's Florian Eder about the recent political developments in Germany. German twists and turns: Florian Eder gives us a recap of what happened last week when the liberal FDP party quit the German coalition talks after weeks of exploratory talks. Together with our news editor Andrew Gray, Florian talks us through the options that are left for Chancellor Angela Merkel. Career coach: Stephan Howeg went from mechanic to board member of the Adecco Group, a Fortune 500 company. He now is an ambassador for the EU Skills Week and explains how Adecco is a career coach for millions of people. Olympics and the EU: Thomas Bach, the president of the International Olympic Committee (IOC), is up next. He was in Brussels recently and was the first IOC president to address EU sports ministers. Bach told them he wants to work with the EU to help sport increase social inclusion. But at the same time, he is worried that competition regulators want to restrict how the IOC and its affiliates operate. Last but not least, Bach tells us what to expect from the anti-doping investigation into Russia. EU WTF moment of the week: The race to relocate the European Medicines Agency and the European Banking Authority out of London. In selecting Amsterdam and Paris as the new homes of the agencies — which ended with the drawing of names out of a hat — it looked like they were a prize to be given away.

Patrick Jenkins and guests discuss Deutsche Bank's latest legal settlement, Goldman Sachs' criticism of Donald Trump's immigration reforms and the proposed creation of a 'bad bank' to deal with Europe's toxic loans. With special guest Andrea Enria, chairman of the European Banking Authority. See acast.com/privacy for privacy and opt-out information.

Brussels plans to tighten rules for overseas banks operating in the EU in a tit-for-tat step against the US that will raise costs for big foreign lenders. Does this mean the global consensus on bank rules is breaking down? Patrick Jenkins, FT financial editor, discusses the issue with colleagues Martin Arnold and Caroline Binham, and hears the view of Andrea Enria, chairman of the European Banking Authority. Music by Kevin MacLeod See acast.com/privacy for privacy and opt-out information.

Patrick Jenkins is joined by Martin Arnold, Daniel Schäfer, Sam Fleming and Emma Dunkley, as well as Andrea Enria, chairman of the European Banking Authority, to discuss bank remuneration as the battle intensifies between Europe and the UK, US bank results and what they mean for European banks about to report their results, and whether peer-to-peer lenders are going mainstream. See acast.com/privacy for privacy and opt-out information.

The recent publication of a European Banking Authority opinion on “virtual currencies” has caused great concern among actors of the Bitcoin ecosystem. Siân Jones joins us to dissect this 46-page document and the 70+ risks it identifies. Siân also helps us better understand the EBA, its role and the extent of its influence in the European Union. We also briefly recap the Coinsummit conference which took place in London and which we attended. Episode links: European Banking Authority EBA opinion on “virtual currencies” Bitcoin receives red carpet welcome in the Isle of Man [City A.M.] sle of Man Launches Digital Currency Startup Incubator [Coindesk] COINsult This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/028

The banking team is joined by former Liikanen committee member Marco Mazzucchelli to discuss the latest on structural reform to European banks, and Sam Fleming explains the scenarios set out by the European Banking Authority for its upcoming stress tests. Daniel Schäfer has news of Bank of America's $8.5bn payout over mortgage mis-selling, and Martin Arnold sheds light on Lloyds' profit warnings and dividend problem See acast.com/privacy for privacy and opt-out information.

In the first podcast of 2014 the banking team looks ahead to the introduction of the new bonus cap, continued fallout from scandals and new regulatory measures on either side of the Atlantic. Patrick Jenkins is joined by Alex Barker, EU correspondent, for the latest draft proposal on risky trading and bank splits. Sharlene Goff discusses European Banking Authority stress testing, the bonus cap and the ongoing forex manipulation, misselling and interest rate swap scandals. See acast.com/privacy for privacy and opt-out information.

Patrick Jenkins is joined by Sam Fleming to discuss comments from Andrea Enria, chair of the European Banking Authority, on the region's banking sector. Sharlene Goff has the remarkable story of the former Co-op bank chair caught allegedly buying drugs just days after appearing before the Treasury select committee and Daniel Schäfer has news of Edmond de Rothschild's move to set up a merchant banking business in London See acast.com/privacy for privacy and opt-out information.

Patrick Jenkins is joined by Sam Fleming to discuss comments from Andrea Enria, chair of the European Banking Authority, on the region's banking sector. Sharlene Goff has the remarkable story of the former Co-op bank chair caught allegedly buying drugs just days after appearing before the Treasury select committee and Daniel Schäfer has news of Edmond de Rothschild's move to set up a merchant banking business in London See acast.com/privacy for privacy and opt-out information.

This week the banking team discusses the European Banking Authority’s announcement that the 9 per cent temporary capital ratio required for lenders is to become permanent, HSBC’s probe over money-laundering claims, plus the latest on the Libor scandal - where are we now? Presented by Patrick Jenkins, with Brooke Masters and Sharlene Goff. See acast.com/privacy for privacy and opt-out information.

This week the banking team discusses the European Banking Authority’s announcement that the 9 per cent temporary capital ratio required for lenders is to become permanent, HSBC’s probe over money-laundering claims, plus the latest on the Libor scandal - where are we now? Presented by Patrick Jenkins, with Brooke Masters and Sharlene Goff. See acast.com/privacy for privacy and opt-out information.

The banking team take a look at Stephen Hester's decision to waive his bonus and what that might mean for future bonuses. They also discuss upcoming UK and Swiss bank earnings and the EBA reaction to bank capital models. Presented by Megan Murphy, with Sharlene Goff. Produced by Amie Tsang See acast.com/privacy for privacy and opt-out information.

Patrick Jenkins, Sharlene Goff and Megan Murphy discuss the FSA’s long-awaited report into the failure of Royal Bank of Scotland, the European Banking Authority’s latest stress test results, and at what the UK’s EU treaty veto really means for the City of London. See acast.com/privacy for privacy and opt-out information.

In this week's podcast: With details finally released last week on the new stress tests, we ask whether the European Banking Authority has made the tests strict enough; we look at Sir John Vickers and the increasing pressure he is under to reconsider proposals for a structural reorganisation of the banks; we look at the new takeover code - put in place to provide a transparent legal framework for substantial acquisition and takeover of publicly listed companies. Presented by Patrick Jenkins with Megan Murphy and Sharlene Goff in the studio and bringing us news of the US banking sector, Suzanne Kapner in New York. Produced by LJ Filotrani See acast.com/privacy for privacy and opt-out information.