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Transaction Monitoring Netherlands (TMNL), a novel collective
monitoring initiative designed to counter sophisticated money
laundering and terrorism financing activity in the Netherlands, is
set to become operational in 2021. Born out of a series of
roundtable discussions hosted by the Dutch central bank (DNB) in
2017 and 2018, TMNL is a first-of-its-kind private company
established by the five largest Dutch banks ING, ABN Amro,
Rabobank, Triodos Bank, and de Volksbank (the Founding
Banks ). TMNL will work closely with Dutch financial
regulators and law enforcement agencies to curb money laundering
Parlez-vous Français? Paris finance sector gets ready to seize post-Brexit opportunities
Paris’ claims to be Europe’s culture and culinary capital are well known, however its finance credentials are somewhat less established.
The City of Light ranked behind London, Zurich, Luxembourg, Geneva, Frankfurt and even Edinburgh in the World Bank’s Global Financial Centres Index for 2020.
However, with Brexit around the corner, and no full EU equivalence deal for the City of London in sight, Paris has a legitimate chance to raise its global standing in the world of high finance.
Financial firms have been ready for the possibility of the UK losing its current EU financial markets access, with almost all major institutions moving staff and assets to other European capitals in preparation.
Dec 14, 2020 Hubbis
Hong Kong continues to play a leading role as a leading global finance and business centre and is set to continue to do so, with business booming amongst HNW and UHNW Chinese families seeking sophisticated wealth planning solution, reports ZEDRA, the fast growing global specialist in corporate, fund and “Active Wealth” solutions.
Within the last two months, Hong Kong has once again regained its position ahead of Singapore to rank fifth among 111 global financial centres, according to a survey published by London-based think tank Z/Yen Partners and the China Development Institute showed, the firm said in a press release.
How IFSC at Gift City can position India as an international financial centre
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Last Updated: Dec 13, 2020, 05:04 PM IST
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Synopsis
Though we are a late entrant in the IFSC space, it has arrived when there are more opportunities in the financial world and when India has a lot of potential that can be leveraged.
Founder & CEO, NovaDhruva Capital
Sanghai has been a career investment banking professional since 1992. Prior to founding boutique investment bank Nova Dhruva, he was with HSBC India as Vice Chairman - Investment Banking and head of Global Banking. Prior to HSBC, he was with Goldman Sachs as Managing Director and co-head of investment banking. He started his career with JM Morgan Stanley/ Morgan Stanley. He chairs the Committee on Capital markets of Ficci and is a member of Sebi Primary Market Advisory Committee.