The Antimonopoly Prosecutor in Chile sides with MSBs on Bank Account Closures

We thank our colleague Carlos Grossman, for the report out of Chile where the Antimonopoly Division of the National Economic Prosecutor Office (División Antimonopolios de la Fiscalía Nacional Económica – FNE)  reports the investigation that took place after an August 2015 complaint by a Forex Firm denouncing seven banks of denying the opening of a…

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Blockchain-based solutions to the Caribbean derisking problem

De-risking was an acute illness for the Caribbean financial sector in 2015 and 2016. In 2017, the height of the fever has broken, but the patient is still sick. Though correspondent banks in developed countries are no longer dropping services to Caribbean banks at a rapid pace, the region’s economies remain encumbered with a residue…

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DE-RISKING: O RISCO DE NENHUM RISCO

Daniel Trías, consultor é especialista em comércio exterior, bancos , finanças e remessas familiares, fundador DT Consulting e Membro do Conselho Consultivo do IMTC e quem acompanha as Associações do Cone Sul em suas reuniões, suas iniciativas para encontrar soluções para o De-Risking, como a criação de CIASEFIM, nos fornece neste documento intitulado: “De-Risking: o…

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DE-RISKING AND THE GREAT UNBANKING CHALLENGE

How De-Risking is changing the face of Financial Services worldwide In July 6th & 8th the Economist published two articles that, again, raised the de-risking threat discussion to new levels. The July 6th article was entitled “The great unbanking [1] –  Swingeing fines have made banks too risk-averse – It is time to rethink anti-money-laundering…

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