LexisNexis Risk Solutions, a part of RELX Group, a leading risk management and data analytics company, has recently signed a new agreement with industry-leading information provider Infocredit Group, to extend the scope of their existing alliance through expanded service coverage to include the countries Malta, Romania, Greece, UAE and Russia, in addition to Cyprus where Infocredit Group’s headquarters are currently based.

A new state-of-the-art court to tackle cyber crime and fraud in the financial sector is to open in the City of London.

Ministers say the court will enhance Britain’s reputation as a country where banking and finance is underpinned by the rule of law, and help the authorities tackle the growing menace of computer crime.

The City of London Corporation will on Monday announce plans for the court to be based in the Square Mile.

A massive class action potentially worth "hundreds of millions of dollars" has been launched against the Commonwealth Bank (CBA) for a drop in its share price following accusations it breached anti-money-laundering and terrorism finance laws.

Infocredit Group (member of the Federation of European National Collection Associations) is excited to attend the FENCA Congress on 27th-29th September 2017 in Sofia, Bulgaria. Nicos Ioannou, Business Development Director at Infocredit Group will be representing the company at the event.

A guide to doing business in Asia

Virtual Round Table Series 

Asia Pacific Working Group 2017
 

Asia Pacific is an economic region that cannot be ignored by businesses with an international outlook. By all measurements the Asian market is already huge and growing in wealth, size and complexity at an astonishing rate.

Pressures of international finance spurred Cypriot authorities to strengthen corporate governance.

Cyprus was one of the countries to be gravely affected by the financial crisis. As a result, it was cut off from the international financial markets and resorted to rescue packages financed by the International Monetary Fund, the European Commission and the European Central Bank (collectively known as the Troika).

ISLAMABAD (Reuters) - The New York State Department of Financial Services (DFS) said it is seeking to fine Habib Bank Ltd, Pakistan’s biggest lender, up to $630 million for “grave” compliance failures relating to anti-money laundering rules and sanctions at its only U.S. branch.

If imposed, the penalty on Habib Bank (HBL) (HBL.KA) would be the largest-ever faced by a Pakistani financial institution.

China is cracking down on money laundering, as it aims to ensure compliance with international standards. Recent measures greatly increase the level of reporting on overseas transactions by Chinese bank customers in order to collect data for analysis.

Starting August 21 and according to rules originally announced in June, banks are now required to report overseas spending via domestic Chinese bank accounts of over 1,000 RMB (about $150 USD).