Banks are spending $20 billion on compliance in an effort to combat money laundering, yet only one% of illicit financial flows are seized by authorities every year. While regulations have been introduced to crack-down on money laundering, so far they have had a limited effect. European countries have collected data on numerous suspected money-launderers and […]
Online research from TDX Group, an Equifax company, reveals that 45% of people think it’s too easy to get into debt, with a further 20% stating that banks and other lenders need to be stricter about the amount they lend to consumers. The survey, conducted with Gorkana, also highlighted that 68% of people think a […]
Banking corporations and automotive titans have something in common; they sponsor sports leagues and teams. But what’s the ROI on sports sponsorship and does it pay off? Below experts at Vindis explain for CEO Today. A significant percentage of automotive manufacturers have invested their sponsorship money in sporting events. It is estimated that the car […]
The British Business Bank’s Bank Referral Scheme was setup in November 2016 to reduce the number of small businesses that fail because they fall at the first hurdle in attempting to secure finance to grow their business. Here, Daniel Bailey, Managing Director of the lender Arkle Finance, explains for CEO Today why this well-intentioned solution […]
The Paradise Papers recently opened a new window into how offshore accounts can often leave a thin line between actually breaking the law and simply taking advantage of it. Below Mehran Eftekhar, Group Finance & Corporate Services Director at Nest Investments, delves into the ‘murky waters’ of offshore accounts and how to understand how it […]
They say imitation is the sincerest form of flattery. Challenger banks are doing what their name suggests, and research indicates they are gaining ground. For established lenders, replicating the characteristics of their smaller, more agile competitors, will help them defend their position. Outsourcing is the key, argues Sarah Jackson, Director, Equiniti Credit Services. The market […]
The SFO recently charged Barclays, its former CEO and three other former top executives with fraud pertaining to the funding of billions of pounds from Qatar during the 2008 financial crisis. The bank’s shares fell 0.5% on the news. There have not been any other charges or investigations in regard to the financial crisis, but […]
Luigi Wewege is the Chief Executive Officer of Vivier - a multinational financial group of companies, providing its services worldwide through representation in jurisdictions across Africa, Asia, Oceania, Europe and South America. Outside of this, Luigi serves as the Non-executive Chairman of Nikau Global - an international trade and development firm based in Australasia. He […]
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