London Governance & Compliance Academy
Financial fraud is a multifaceted and constantly evolving threat which poses significant challenges to the UK economy, affecting individuals, businesses and public institutions alike. Characterised by deceitful and illegal financial activities aimed at personal gain, financial fraud costs the UK billions of pounds annually, impacting the economy’s overall health. Its repercussions extend beyond direct financial […]
Introduction Historically, the global approach to Anti-Money Laundering (AML) was predominantly rule-based, where strict compliance and standardised measures dominated strategies. However, as the financial world grew more intricate and threats more nuanced, a tailored strategy became paramount. Thus, the Risk-Based Approach (RBA) was conceived. Central to the Financial Action Task Force (FATF) recommendations, […]
The BASEL Accords, a vital framework in global banking regulation, have significantly improved global financial stability. Four key accords have been sequentially introduced. BASEL I, in 1988, established minimum capital requirements to mitigate credit risk. BASEL II (2004) refined risk measurement and sensitivity. Responding to the 2008 crisis, BASEL III (2010) enhanced capital adequacy and […]
