- State of SupTech Report 2023
Report · 29 February 2024
The Cambridge SupTech Lab’s State of SupTech Report 2023 presents insights on the evolution and current state of the digital transformation of financial supervision worldwide. The Report provides a…
- Jorgovanka Tabaković: Introductory address - 2024 Banking Law Conference
Speech · 18 November 2024
Introductory address by Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the 2024 Banking Law Conference, Belgrade, 18 November 2024.The views expressed in this speech are those…
- Michael Held: The first line of defense and financial crime
Speech · 2 April 2019
Keynote address by Mr Michael Held, Executive Vice President of the Legal Group of the Federal Reserve Bank of New York, at the 1LoD Summit, New York City, 2 April 2019.The views expressed in this…
- Proposals clarify rules on combating money laundering and terrorist financing in correspondent banking
News · 23 November 2016
Press release | 23 November 2016Banks will have clearer guidance on how to best manage risks related to money laundering and the financing of terrorism under proposals issued today by the Basel…
- Rules on combating money laundering and terrorist financing in correspondent banking clarified by the Basel Committee
News · 7 June 2017
Press release | 07 June 2017Banks have clearer guidance on how to best manage risks related to money laundering and the financing of terrorism under final revisions issued today by the Basel…
- Yandraduth Googoolye: The importance of promoting and safeguarding correspondent banking
Speech · 27 May 2019
Speech by Mr Yandraduth Googoolye, Governor of the Bank of Mauritius, at the Correspondent Banking Academy hosted by Standard Chartered Bank, Port Louis, 27 May 2019.The views expressed in this…
- FATF’s Revised Inclusion Guidance: Progress Made, Questions Remain
Blog, Standard or Guidance · 20 March 2025
FATF released the revised Guidance for public consultation until April 4, 2025. The revisions are a response to the recently adopted amendments to the FATF standards and an evolving financial…
- John A Rolle: Industry solutions to the withdrawal of correspondent banking relationships
Speech · 31 October 2018
He highlights that past regional roundtables identified the need for stronger respondent-bank compliance, possible consolidation of transaction flows, and standardized AML/CFT frameworks—work that…
- European Banking Authority (EBA) warns of rising ML/FT risks amid fintech compliance concerns
Report · 28 July 2025
In its opinion paper, EBA reports that seventy percent of competent authorities in the European Union report high or increasing ML/TF risks in the fintech sector. EBA warns that rapid fintech growth…
- Financial Action Task Force (FATF) launches national risk assessment toolkit to combat money laundering.
Standard or Guidance · 28 August 2025
The toolkit targets four priority areas - corruption, virtual assets, legal persons and arrangements, and the informal economy - providing cross-country risk insights and practical examples to help…
- Report to the G20 on actions taken to assess and address the decline in correspondent banking
Report · 1 January 2015
In January this year, the FSB agreed to coordinate work to examine the extent and causes of banks’ withdrawal from correspondent banking and the implications for affected jurisdictions including for…
- Technology-Driven Solutions to Banks’ De-risking Practices in Hong Kong: FinTech and Blockchain-based Smart Contracts for Financial Inclusion
22 October 2025
This article examines banks’ de-risking practices inside Hong Kong’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime, a problem that has created considerable tension…
- We support Financial Action Taskforce work on de-risking drivers
Event · 15 June 2015
We expect banks will be particularly interested in the section of the FATF statement about due diligence for correspondent banking relationships: “When establishing correspondent banking…
- FCA Research into the issue of de-risking
Report · 23 May 2016
In this 2016 report, the FCA addressed the complex phenomenon of "de-risking"—the trend of banks withdrawing services from certain customer groups (such as charities, fintechs, and money…
- We support Financial Action Taskforce work on de-risking drivers
News · 30 June 2015
In July 2015, the Financial Conduct Authority (FCA) issued a statement supporting the Financial Action Task Force (FATF) in its ongoing efforts to address the complex drivers of "de-risking."…
- FCA Research into the issue of de-risking
News · 23 May 2016
The FCA’s research into de-risking—the practice of financial institutions terminating or restricting business relationships to avoid rather than manage risk—has evolved significantly since the…
- We support Financial Action Taskforce work on de-risking drivers
News · 30 June 2015
In July 2015, the Financial Conduct Authority (FCA) issued a statement supporting the Financial Action Task Force (FATF) in its ongoing efforts to address the complex drivers of de-risking. This…
- Jwala Rambarran: Trinidad and Tobago strengthens information exchange
News · 6 January 2014
In this historic address, Governor Jwala Rambarran marks the formal signing of a Memorandum of Understanding (MOU) between the Central Bank of Trinidad and Tobago and the Securities and Exchange…
- 12th BCBS-FSI High-level Meeting for Africa on "Strengthening financial sector supervision and current regulatory priorities", Cape Town, South Africa, 26-27 January 2017
Event · 1 February 2017
The 12th BCBS-FSI High-Level Meeting in Cape Town brought together central banks and supervisory authorities from sub-Saharan Africa to discuss regulatory priorities and financial sector supervision.…
- New correspondent banking data - the decline continues*
Blog
Correspondent banking relationships are declining globally. The correspondent banking network is increasingly concentrated. The majority of jurisdictions have more than 100 active correspondent…
- Closing the loop: AML/CFT supervision of correspondent banking
Report · 2 September 2020
Under the auspice of the Financial Stability Board's four point action plan, several international organisations have taken measures to address the decline in correspondent banking relationships…
- European Banking Authority (EBA) flags payment fraud, indebtedness, and de-risking as top consumer risks in European Union (EU) financial markets
Report, News · 26 March 2025
EBA has identified the three aspects as the most significant issues affecting EU consumers in its latest biennial Consumer Trends Report. Payment fraud remains the primary concern, with criminals…