The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”
Thursday 20 December 2012
UBS AG 2: A brief description of the kind of Libor fixing
From yesterday's Daily Telegraph, a good briefing of what UBS AG was upto in Japan with it's Yen Libor rate fixing activity.
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