National Australia Bank’s former chief risk officer David Gall warned the group’s directors in October last year that the company’s anti-money laundering procedures remained “weak” and “ineffective” even after at least $300 million was spent upgrading the dismal systems. read more
Financial institutions / Big five & fintech (2,603 items)
Click on the categories below to browse content classified within 'Financial institutions / Big five & fintech'.
At the heart of Austrac’s case against Westpac is a series of arrangements with foreign banks (correspondent banks) designed to make the processing of cross-border payments cheap and easy. read more
Just 78 per cent of banks carry out climate risk assessments, a study by Boston Common Asset Management shows.That’s 78 per cent of 58 of the world’s largest banks, meaning 45 banks, “including the likes of HSBC, JP Morgan Chase, BNP Paribas and MUFG” BCAM said. read more