Partnering with a fintech company can clearly benefit your treasury operations; but if banks fret about risks associated with new technology, so should corporate treasurers. The right due diligence is essential.
The US will be given the time it needs to settle its position before Basel III rules are finalised, a Deutsche Bundesbank official says. Meanwhile in Asia, the rules' effects are already being felt by CFOs.
A former Guangdong Securities managing director is banned for nine months following failures related to third-party payments – the latest target of an SFC crackdown on AML and KYC compliance.
Predicting black swans is almost impossible, but treasurers must understand and prepare for seismic change that will reshape their business, delegates at CTWeek said.
The recently ratified Trade Facilitation Agreement is intended to reduce the cost of trade 14.3% globally by improving customs procedures. It could inadvertently help cut painful compliance burdens, also.
Being seen to comply with myriad regulations has never been more vital, and CFOs can play a key role. A functioning whistleblower policy can help develop this culture