Media

Media

The Complexities of Private Banking and Wealth Management

Tuesday, 14th January 2014

Christophe Brisson, Assistant General Manager for Europe and Head of Capital Private Banking Product Line, explores the complexities of Private Banking and Wealth Management. In more recent years government regulations have impacted that model by bringing about significant operational spend on the administration and compliance of these regulations. In this article we explore how many of these regulations, such as Anti-Money Laundering (AML) and the Foreign Account Tax Compliance Act (FATCA), can in fact be an opportunity for the banker.

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