Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication | March 18, 2016
In many countries, remittances received from abroad are essential to the recipients’ welfare. But money transmission can be a high-risk business, and even though money transmitters around the world are required to comply with a detailed framework of anti-money laundering (AML) laws and regulations, they still can be misused by criminals.
However, the nature of the nonbank money transmission business does pose more risks to a country’s financial system than perhaps use of a more traditional bank account. Concerned about their own potential liability should a money transmitter have regulatory problems, banks have been dropping money transmitters that have been clients for years and/or not establishing accounts for new ones. The money transmitter needs a bank account to operate, and if their access to the banking system is cut off, they are out of business and the people that may suffer in that instance include family members in other countries who need that money for their very survival.
Read the full article: International guidance for money transmitters and their supervisors
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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