Ukraine War Highlights Importance of Banks Investing in the Future of Compliance
The struggles financial institutions face when it comes to compliance are nothing new. And while technology is often billed as ...
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.
Big Benefits of Advanced Tech for FinCrime Compliance Don’t Kick in Until Silos Are Toppled
Companies increasingly have the advanced tools to combat financial crime, but as industry specialist Sujata Dasgupta explains, the fragmented nature ...
Know Your Customer? Know Your Human. Compliance Lessons from Elon Musk’s Promised Assault on Twitterbots
Twitter’s new boss is waging war on bots. How he gets it done may offer lessons for GRC professionals. The ...
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 ...
Clausematch 10 Compliance Technology Trends for 2022
As the COVID-19 pandemic rolls into its second full year, it's reasonable to reflect on the massive changes the virus ...
El Salvador’s Crypto-Bro President Is Flirting with AML Disaster
The speed and haste by which El Salvador adopted Bitcoin as legal tender has opened the door for significant risk ...
With Salvadoran Adoption of Bitcoin, Firms Must Navigate Uncharted Waters
In September 2021, El Salvador became the first country to adopt bitcoin as legal tender. It will likely not be ...
Blockchain Startup TRM Labs Announces $60M Series B Round Led by Tiger Global
Blockchain startup TRM Labs announced that it raised $60 million in a Series B round led by Tiger Global with ...
TCS Re-Imagining Client Onboarding Whitepaper
Clients are the lifeblood of any service provider, but winning clients (and even more importantly, retaining them) is an arduous ...
Identifying and Verifying Ultimate Beneficial Owners
Getting the Full Picture, Fast Comprehensively identifying and verifying corporate hierarchies and ultimate beneficial owners (UBOs) has become increasingly important ...
Betting on Compliance: The Supreme Court’s Decision in Murphy v. NCAA
Q&A with Nicole Sprinzen of Cozen O’Connor With the U.S. Supreme Court’s decision in Murphy v. NCAA on May 14, ...
How Shell Companies Might be Circumventing FinCEN’s Beneficial Ownership Rule
FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now ...
