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Lyddon Consulting
  • Who We Are
    • The business
    • Bob Lyddon & Associates
    • Key Information and GDPR
    • How to buy
    • Contact
  • Blog
  • Consulting
  • Training
    • Banking Regulation – new
      • Single Euro Payments Area (SEPA) – Executive Briefing – new
      • SEPA Compliance – new
      • Single Euro Payments Area (SEPA) – Executive Briefing – new
      • European Payments Regulatory Package – new
      • Payment Services Directive 2 – new
      • 4th EU Anti-Money Laundering Directive – new
      • Ringfencing and the EU Bank Recovery & Resolution Directive – new
    • International Banking – new
      • Basel III Liquidity – new
      • Basel III Capital & Leverage – new
      • Supply Chain and Export Finance – new
      • SWIFT for Corporates – new
    • Payments & Cash Management – new
      • Domestic and cross border payments – new
      • Basics of Cash Management – new
      • Intermediate Cash Management – new
      • Advanced Cash Management – new
      • Fintech – Financial Technology new entrants – new
  • Research Papers

The Black Week for Fintech

Bob2023-11-26T15:42:19+00:00

Headline on Crown Agents

General Ludendorff described the British/Australian/Canadian breakthrough before Amiens on 8th August 1918 as ‘the black day of the German army in the World War’.

The week of 23rd October 2023 could be described as the black week for Fintech.

CAB Payments – the former payments division of Crown Agents Bank – was in the […]

Europol highlights Virtual Accounts as source of Financial Crime risk

Bob2023-09-12T09:28:28+01:00

Europol’s 2023 report

Europol has issued its 2023 assessment of the risks of financial and economic crime.

It features Virtual Accounts and the unique identifier for them: Virtual IBANs or International Bank Account Numbers.

We have raised this issue to the trade body for the sector most actively using Virtual IBANs – Project Financial Crime of The Payments […]

Don’t hold your breath for the FCA to stop de-banking

Bob2023-09-08T09:15:54+01:00

The AML gospel according to St JMLSG

Things have moved quickly since the breaking of the scandal over the de-banking of Nigel Farage. Dame Alison Rose, CEO of Natwest, has resigned along with the CEO of […]

Don’t kill cash

Bob2023-09-08T09:03:29+01:00

I spoke briefly on Liam Halligan’s show on GBNews about their ‘Don’t kill cash’ campaign:

https://x.com/gbnews/status/1690990780767166465?s=46&t=UN7HZkpr9JYSbWdGfk-dXA

De-banking – interview on ‘Farage’ on GBNews

Bob2023-09-07T13:54:57+01:00

I appeared on Nigel Farage’s show on GBNews on Wednesday 9th August 2023 on the subject of de-banking and the FCA’s letter to 30 or so institutions asking them to lay out who they had de-banked and why. The interview begins at Minute 9:

Response to HM Treasury’s Future of Payments’ call for input

Bob2023-08-29T16:56:25+01:00

This is my response to the Future of Payments’ call for input.

You can download it here.

The call for input used that terrible cliché ‘payment journeys’, and I re-interpreted that as meaning journeys to a utility room to rinse out and eradicate Retained EU Law and the wider market practices, ways-of-thinking, detriments and trends that constitute […]

Relying on a data vendor for lists of Politically-Exposed Persons is a nonsense

Bob2023-08-02T12:00:55+01:00

Cover of JMLSG guidance

Introduction

The UK’s financial services industry has invented for itself the right to use data providers to identify Politically Exposed Persons (PEPs). The de-banking of Nigel Farage by Coutts/Natwest has shone a light on this regime which the industry claims is an implementation of […]

FarageGate shows the ‘Trusted KYC Data Sharing’ project must be stopped

Bob2023-07-27T17:25:15+01:00

Payment Systems Regulator strategy to introduce ‘Trusted KYC Data Sharing’

Whatever one’s opinion of Nigel Farage, the concept that he can be de-banked should be troubling to everyone. It should be even more troubling to those familiar with the financial industry’s measures to counter financial crime, as remedies being applied by banks are more extreme than […]

Commentary on The Payments Association’s letter to Lord Johnson about the proposed widening of the coverage for victims of Authorised Push Payment Fraud (APPF)

Bob2023-07-10T08:57:50+01:00

Letter to Lord Johnson

The Payments Association has sent a letter to Lord Johnson about the proposed widening of the coverage for victims of Authorised Push Payment Fraud (APPF):

Letter to Lord Johnson from The Payments Association

The letter raises three areas of concern, which could have unintended consequences:

1.      Almost all consumers experiencing APP fraud will get their money back (unless they are ‘grossly negligent’);

2.      The cost […]

HSBC rescue of Silicon Valley Bank’s UK arm DID have taxpayer support

Bob2023-03-23T17:59:48+00:00

SVB’s obituary

I have sent a paper to the Treasury Select Committee proving how the rescue of SVB UK by HSBC had taxpayer support.

You can DOWNLOAD THE PAPER HERE.The Governor of the Bank of England (Andrew Bailey) and the Economic Secretary to the Treasury (Andrew Griffith) are appearing before them on March 28th. Mr Griffith appears […]

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