Outsourcing Internal Audit: When It Pays Off and What to Watch Out For
Legal status: October 2026 (MaRisk as amended by Circular 06/2026 (BA)) Why the question keeps coming up Small and mid-sized institutions face a dilemma. Requirements for Internal Audit keep rising, yet a broadly staffed in-house audit unit is hard to run economically at a modest size. This is especially true where specialist knowledge is needed, […]
Sanctions Lists in October 2026: 1,569 New Listings, Delistings and Extension until 2029
In brief: within three weeks, the Council of the EU has twice substantially amended the sanctions list under the Ukraine regulation (Regulation (EU) No 269/2014) and extended the regime by three years. In addition, a new US law creates secondary sanctions risk for banks. For institutions, this means: update lists, re-screen existing portfolios and document […]
AMLR and Group Structures: How Banks Classify Group Entities Correctly
Anyone responsible for anti-money laundering within a banking group asks themselves the same question over and over again: Does a company even belong to the “group”? Is it an obliged entity itself? And who is responsible for implementing what—directly, indirectly, in the EU, or in a third country? With the implementation of the EU Anti-Money […]