DNB Publishes Banking and Insurance Newsletters for August 2018

DNB issued the banking and insurance newsletters for August 2018. The newsletters for this month highlight the work of DNB on reducing the reporting burden, offering clarity about research conducted by DNB, and other requests from the sector. As per the newsletter, DNB expects banks to adjust their systems and procedures as quickly as possible to comply with the changes to the Money Laundering and Terrorist Financing Act. Recent publications by ECB, EBA, EC, and other international forums also feature in the banking newsletter. Additionally, the newsletters include updated calendars for banks and insurers.