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Europe’s New AML Directive Takes Effect - 26 June 2015

European companies will be required to disclose who ultimately owns or controls them under the Fourth Anti-Money Laundering Directive, which comes into effect today ...

Italy’s CSE Adopts TAS Technology for E-commerce Payments - 25 June 2015

Italy’s Consorzio Servizi Bancari, a bank-owned company providing more than 100 Italian banks with outsourcing services, selected TAS Group as technology provider for rolling-out a new e-commerce programme via Italian PagoBANCOMAT ...

Russian and Chinese CSDs Sign Accord - 25 June 2015

National Settlement Depository (NSD), Russia’s central securities depository (CSD), signed a memorandum of understanding (MoU) with China Central Depository and Clearing Co ...

More Banks Use Renminbi for Payments - 25 June 2015

The steady growth in renminbi (RMB) payments has seen the number of banks using the Chinese currency for payments with Hong Kong surpass 1,000, reports Swift ...

Alibaba Seeks to Get Indian Corporates Aboard - 24 June 2015

Chinese e-commerce giant Alibaba has stepped up incentives to encourage Indian entrepreneurs to be part of its site, via a deal with India’s largest private sector lender ...

FATCA: Still Work to be Done, One Year on - 22 June 2015

As the first anniversary of the implementation of the US Foreign Account Tax Compliance Act (FATCA) approaches, many financial firms have made good progress addressing the client classification, onboarding and due diligence changes ...

Licence Plan to Regulate UK Retailers - 22 June 2015

The UK’s Chartered Institute of Procurement and Supply has outlined plans that would require the chiefs of the country’s retail companies to apply for a licence ...