In the second part of our Q&A with Hdeel Abdelhady, Principal Attorney at MassPoint Legal and Strategy Advisory PLLC, we ask her about the impact of the COVID-19 pandemic on international sanctions and supply chains.

As part of our ‘Ask the Expert’ series, we ask Hdeel Abdelhady, Principal Attorney at MassPoint Legal and Strategy Advisory PLLC, about international sanctions, enforcement trends, and the role of lawyers as gatekeepers of the financial system.

By providing more detailed information about all parties involved in a payment, the ISO 20022 message format will not only speed up payments, but increase transparency, improve sanctions screening and help organisations better detect and prevent financial crime.

ISO 20022 will impact a wide number of bank functions, from payments processing systems to foreign exchange, treasury, billing, screening, trade finance, and other operational areas. Before a ‘payments nirvana’ can be achieved, organisations should be prepared for what is likely to be a troublesome transitional period.

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.

Regulators are getting serious about the quality of sanctions screening programmes. Institutions around the world need to be prepared, advises Sophie Lagouanelle, Head of Solutions at Accuity.

These are exciting times in the RegTech space, with so many new innovations to explore and much more on the horizon. We asked Franck Lanher, EMEA Director at Accuity, about his experience of improving financial crime compliance processes with many of the world’s leading financial institutions.

With many financial institutions still using labourious and time consuming manual processes for managing payments, automation systems and smart solutions are a hot topic. Globalization has enhanced the need for cross-border/cross-currency payments, and a rise in technical capabilities means that your customers now also have higher expectations for the speed, efficiency, and simplicity of payments […]

In February 2016, the Bangladesh bank heist sent a massive wave of anxiety through the world’s commercial banking sector. The industry continues to ponder how this could have happened to the banking network when it is protected by highly sophisticated procedures and systems to manage their complex web of global payments. In March 2015 another […]

These are exciting times in the payments sector. There is so much change, so much innovation going on and much more on the horizon. We talk to Mie-Yun Lee, Chief Product Officer for RBI and EVP Innovation at Accuity, about what the top innovations are, who is behind them and where the industry is heading.  […]

It has been widely reported that Caesars Entertainment Corp. has been fined a total $9.5 million dollars for its failure to enforce anti-money laundering controls at its Las Vegas casino, Caesars Palace. The casino company admitted to openly permitting wealthy customers to gamble anonymously in private rooms at the casino and also confessed it had repeatedly […]