Medium Enterprises Smes For Credit Unions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A year marked by COVID-specific regulations still included victories for credit unions
January 07, 2021
WASHINGTON World Council of Credit Unions continued in 2020 to successfully advocate before international standard setting bodies on behalf of the global financial cooperative movement. Here are World Council’s Top 10 International Advocacy Success Stories of the year.
1. Basel AML/CFT Guidance includes World Council Recommendations on Proportionality/Financial Inclusion
The Basel Committee on Banking Supervision issued an updated version of its guidelines on 
, with guides on the interaction and cooperation between prudential, and anti-money laundering and combatting the financing of terrorism (AML/CFT) supervisors. The issuance specifically included World Council-recommended language stating that AML/CFT burdens should be proportional and risk-based, informed by banks’ own risk assessment of ML/FT risks.  Further, with respect to member/customer due ....

United States , Caroline Nagtegaal , Billy Kelleher Co , Financial Action Task Force , Eu Commission , Medium Enterprises Smes For Credit Unions , World Council Of Credit Unions , World Council Recommendations On Proportionality Financial Inclusion , European Union , European Union Credit Parliamentary Interest Group , Members Of The European Parliament Meps , International Accounting Standards Board , International Advocacy Success Stories , Basel Committee Provides World Council , Basel Committee On Banking Supervision , International Association Of Deposit Insurers , International Financial Reporting Standards , European Network Of Credit Unions , World Council Makes Progress In Urging Expanded , Financial Action Task , World Council Top , Basel Committee , Basel Committee Treats Credit Valuation Adjustment , World Council , Foundation Virtual Conference , Group Of Central Bank Governors ,