banking

Thailand, Weed and Banking (4)

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This is article 4 in a series of 4. Read :
Part 1: here
Part 2: here
Part 3: here
Further Reading: here

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Thailand, Weed and Banking (3)

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This is article 3 in a series. Read :
Part 1: here
Part 2: here
Further Reading: here

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Thailand, Weed and Banking - Further Reading

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The article Thailand, Weed and Banking contains a number of references.

They are listed on this page.

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Crypto-myths: the crypto-mixer is a new concept.

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Much store is placed on "mixers," which are also known as "blenders" and "tumblers." Let's strip away the myth.

BIScom Subsection:

Cryptocurrencies and cryptoassets

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It's long been an issue in the USA and it's spreading across the world as dozens of small towns in the UK can testify. Banks, which are not a public service, are closing (or not opening) branches in poor or small communities. The irony, some say, is that those are the very communities that most need physical banks. In the USA, several states are once more tackling the problem.

BIScom Subsection:

Retail banking

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Australian bank cartel charges: don't jump to conclusions

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It's the fault of Hollywood and TV producers everywhere, with a bit of help from the tabloids and the over-excitement of both American politicians and law enforcement: as soon as someone mentions "cartel," thoughts jump to major drugs gangs. It's the same problem that led to a survey result in the UK where children thought the emergency telephone number is 911 (it's 999 and there are also European standard numbers that start with a 1 but no one can be bothered to remember them). In the vast majority of cases, the word "cartel" doesn't relate to drugs gangs at all. In relation to the way people conduct business by means of illegal collusion. That might not be as "sexy" as the idea of bankers being dragged to jail with their noses still covered in white powder but the ramifications of the...

FCRO Subsection:

Financial Crime News

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HSBC HK first into the fray with improved KYC on retail customers.

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Yes, yes, yes, we all know: HSBC is officially a UK bank except we all know it isn't. Not really. Yes, it has a big office in London and because of Stock Market rules its big bosses all have desks there but in truth, HSBC is still what it says on the tin. Even the Shanghai bit is coming back into use. So when HSBC in Hong Kong announced that it is starting to collect more detailed Know Your Customer information, it's good to take notice. And one reason it's good to take notice is that almost every other bank in the world is going to have to follow the HSBC lead as Compliance/Risk Management decisions inform business direction. And if they don't, they face appearing on a new OECD blacklist, an OFAC list and many more.

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USA Regulator plans to punish favouritism and nepotism. Sometimes.

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The USA's Federal Reserve Board is planning to fine and issue prohibition orders against two former Managing Directors of J. P. Morgan Securities (Asia Pacific) Limited. It follows on from the Board's fining of the bank in November 2016. The offence? Excuse us while we choke on our own laughter: giving jobs to the boys. But they did it in China. On Wall Street, it's standard operating procedure, as it is across a wide range of industries in the USA. There are several matters of grave concern to Banks regulated by the Federal Reserve Board, both domestic and foreign.

CoNet Section:

Personnel management

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