Identifying additional challenges for KYC and terrorist finance prevention in non-face-to-face / online channels.
Regulatory requirements to be met before a financial institution can outsource any function have been made more stringent
The updated FAQs are primarily aimed at UK based financial institutions re-locating in the context of Brexit but may also impact others.
The financial services sector may be holding back its year 1 gender pay gap data for good reason, but collection of year 2 data is only just around the corner.
From 13 January 2018, for the first time banks will be required to open up customer data to third party providers.
The DES project envisages supervision as a “pre-emptive and collaborative tool” using established project methodology including milestones and deadlines.