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The COVID-19 pandemic, stringent regulations, and challenges from Electronic Money Institutions are pushing the traditional commercial banks to cut expenses and roll back operations. HSBC is a good example. It…
Day: 14 August 2020
4th AML Directive: Public Register of Beneficiary owners
EU Member States are one by one implementing the 4th AML Directive which requires to establish a register of Controlling/Beneficial Owners of the local companies. This marks the end of…