Banks Are Joining the Race to Issue Stablecoins; Can Their Compliance Teams Keep Up With the Risks?
Controls and infrastructure banks have built over decades were designed for a different speed of money
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.
Reimagining KYC
From legacy models to perpetual KYC Whitepaper Reimagining KYC: From Legacy Models to Perpetual KYC What's in this whitepaper from ...
ACH Network Overhaul: What March and June 2026 Deadlines Mean for Financial Institutions
Enhanced requirements target business email compromise, vendor impersonation and false pretense fraud across credit and debit transactions
Regulatory Penalties Dropped in ’25, Led by Sharp US Decline
Political instability driving global divergence in employment rules
DOJ, FinCEN Reach Resolutions With Virtual Asset Trading Platform Over AML Violations
Government documents say Paxful operated for years without a compliance officer, AML training or transaction monitoring controls
Retrofitting AI Into Model Risk Management Is Key to Reg AI Adoption
Alert narratives with citations for every point may offer even more transparency than human adjudicators can provide
Is ‘Extreme Due Diligence’ the Next Sanctions Defense?
Geopolitical hotspots demand stepped-up processes
To Ensure Anti-Ransomware Compliance in Crypto Transactions, Financial Institutions Have a Mountain to Climb
With increased scrutiny from a litany of regulators, cryptocurrency exchanges and financial institutions are now required to monitor, flag and ...
Teaching Machines to Spot What Matters
How emerging technologies are transforming inefficient alert systems and reshaping financial crime prevention
KYC Budgets Set to Rise as Firms Weigh AI
Gartner IDs top GenAI applications for legal departments
‘Nuclear’ Court Verdicts Triple Since 2020
Only 17% of companies have organization-wide AI policies, asset managers losing investors due to slow onboarding
Nearly 9 in 10 Companies Hiring Outside Cybersecurity Advisers
M&A dealmakers boost focus on due diligence, regulatory fines surge in third quarter
