International bodies : their effect on your business
That's before we even begin to list the various OECD sponsored our supported groups.
All of them have a broadly similar, but not identical approach to issues of financial crime, in part as a result of their origins and purposes.
They are all in a perpetual state of flux both as a result of their own development and as a result of inter-group co-operation.
In theory, none of these groups have a direct impact upon any business except those that they contract with. But that theory does not hold water as, increasingly, regulators define the policies of such bodies as best (or at least good) practice, so sidestepping the need for either legislation or, even, regulatory rules.
In this seminar, we will examine the roles of each of the bodies in relation to financial crime and demonstrate ways in which each of those bodies has, in effect, rule making power over financial institutions and others all over the world.
© 2015 Nigel Morris-Cotterill
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