Search results with tag "Correspondent banking"
2 Revised annex on correspondent banking Annex 2 Correspondent banking I. General considerations on cross-border correspondent banking 1.
GUIDANCE ON CORRESPONDENT BANKING SERVICES 2016 1 . LIST OF ACRONYMS . AML Anti-money laundering . BCBS Basel Committee on Banking …
Page 4 of 7 This is also reflected in international approaches to dealing with correspondent banking. References and extracts of international approaches
d) Conduct enhanced ongoing monitoring of the business relationship. 7. Financial institutions should, in relation to cross-border correspondent banking and other similar relationships, in addition to performing normal due diligence measures: a) Gather sufficient information about a respondent institution to understand fully the nature
AML/CFT CONTROLS IN TRADE FINANCE AND CORRESPONDENT BANKING MONETARY AUTHORITY OF SINGAPORE 3 1 INTRODUCTION 1.1 In the National Risk Assessment report published in January 2014, MAS had
• For this March G20 meeting, the FSB has delivered a progress report on the correspondent banking Action Plan. final report will be issued by the Buenos Aires A
3 managing customer relationships by banks, including correspondent banking relationships, facilitating the monitoring of transactions by le gal entities to prevent money laundering and the
CPMI - Correspondent banking – July 2016 3 (v) Recommendation on the use of the LEI as additional information in payment messages Before the use of LEIs becomes widespread or even compulsory for banks and corporate