London Governance & Compliance Academy
Introduction and Rationale The Common Reporting Standard (CRS), an initiative under the aegis of the Organisation for Economic Co-operation and Development (OECD), emerged from the increasing need to address the widespread issue of tax evasion on a global scale. In the wake of the 2008 financial crisis, international attention sharply focused on the scale of […]
What is Customer Due Diligence? Customer Due Diligence (CDD) represents a foundational step for financial institutions in understanding and verifying the identities of their customers or potential customers. Rooted in regulatory imperatives such as anti-money laundering (AML) measures and Know Your Customer (KYC) directives, CDD serves as a mechanism to unearth and assess any […]
Introduced in 2007, the Markets in Financial Instruments Directive (MiFID) was an instrumental piece of European Union (EU) legislation, with its primary objective to ensure a robust level of investor protection across the entire European Economic Area (EEA). This directive emphasised the fiduciary duties of financial firms by stipulating an obligation to achieve the best […]
