AML Compliance: Spotlight on Nordic Banks
The Changing Landscape As AML regulations are getting more stringent globally, criminals are focusing on using countries with lowest risk ...
Tag: Know Your Customer (KYC)
KYC or “Know Your Customer” is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship. The term is also used to refer to the anti-money laundering regulations that govern these activities. KYC processes are used by companies of all sizes when conducting due diligence for the purpose of ensuring their proposed customers, agents, consultants, or distributors are in compliance with anti-bribery laws.
Battling AML Risk in the Casino and Card Club Industry
The Bank Secrecy Act and Enhanced Compliance Programs Increased regulatory scrutiny, historically high fines and now-legalized sports betting are leading ...
5 Ways AI is Impacting AML and KYC Compliance
Revolutionizing the Fight Against Financial Crime Artificial intelligence (AI) has the ability to completely transform how banks perform anti-money laundering ...
5MLD – So, How Well Do You Really Know Your Customers?
With Europe’s fifth AML directive set for implementation in a matter of months, banks should be preparing now. Opus’ Kelvin ...
Automating KYC Compliance with Smart ID&V
As customers increasingly prefer to do their banking via smart devices, it’s time for banks to modernize their approach to ...
UBO Transparency, Capital Markets and Tighter AML Controls
Firms can’t afford to become complacent when it comes to AML compliance. encompass corporation’s Henry Balani comments on findings form ...
How Customers are Moving to the Frontline in FinCrime Compliance
Financial crimes compliance has historically been solely the realm of banks and financial institutions. Sujata Dasgupta discusses how and why ...
Embracing Digital Transformation to Achieve Compliance and Improve Competitive Positioning
SEI’s Kevin Byrne on why it’s imperative for firms to consider how they use data if they want to remain ...
Outdated Technology Preventing Banks from Investing in Disruptive Technologies
Recent research from Fenergo reveals that banks’ C-suite executives overwhelmingly agree: Underinvestment in technology negatively impacts client onboarding and retention ...
Making KYC Simpler Through Intelligent Automation
Roger Carson, Co-Founder and Global Financial Sales Director at encompass corporation, introduces the concept of digital know your customer (KYC) ...
Automating the Fight Against Financial Crime
Fenergo’s Kevin O’Neill discusses how asset management firms and other financial institutions are being scrutinized more by regulatory bodies with ...
Intelligently Managing Margin Lending Risks
How to Automate Processes with Cognitive Computing Margin lending involves banks accepting credit, market and liquidity risks simultaneously and the ...
