FinCEN’s Registry Will Be a Game-Changer. It Will Also Place an Added Burden on Corporations.
The Corporate Transparency Act (CTA) passed last year mandates FinCEN to establish a national registry of ultimate beneficial ownership (UBO) ...
Tag: due diligence
The Intersection of EDD and Banking Cannabis
As the cannabis industry continues to grow, so does its demand for banking services. Brandi Reynolds champions an enhanced due ...
Refinitiv Adds Cybersecurity and Company Credit Risk Ratings to Due Diligence Reports
Partnerships with BitSight and Creditsafe follow inclusion of ESG data from Sigwatch and acquisition of The Red Flag Group LONDON, ...
Vetting Vendors’ Cybersecurity
LMG Security’s Madison Iler discusses how to structure a vendor risk management program (and where to spend your time) and ...
New Risks as COVID-19 Forces Rapid Technology Adoption
The COVID-19 pandemic has created urgency for organizations to ramp up digital adoption, but as they pivot entire service lines, ...
Adverse Media Screening: Relying on Google Alone Can Expose Organizations to Risk
Regulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative ...
Identifying and Preventing Money Laundering in a Pandemic
“In every crisis, an opportunity:” the criminal’s motto, probably. Financial crime compliance consultant Shubham Jain discusses what banks can do ...
Realizing Dynamic KYC in Banking
Sujata Dasgupta explores the emerging concept of perpetual, dynamic KYC and analyzes how AI-powered solutions can form the building blocks ...
Cost-Effective Intermediary Monitoring and Auditing
Monitoring your intermediaries can be an expensive endeavor. Jim Nortz explores how to keep an eye on your intermediaries without ...
Refinitiv Launches AI-Powered Due Diligence to Better Assess Business Supply Chains
"Snapshot" report blends AI and human oversight to deliver cost-effective due diligence at scale LONDON, NEW YORK – Refinitiv has launched ...
Financial Crime During COVID-19: AML Fines on the Rise
Guðmundur Kristjánsson, CEO of Lucinity, discusses the recent uptick in AML fines and what this may portend for banks and other ...
Intermediary Contracts: Enforceable Commitments to Ethics
No contract in the world could stop an intermediary truly determined to commit bribery, but contracts can be quite handy ...
