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 ...
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.
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 ...
Know Your Customer and CRIF Announce Strategic Investment and Global Commercial Partnership for Premium Corporate KYC
Hong Kong, Dublin & Bologna (August 31, 2021) – Leading banking credit information provider CRIF today announced a global commercial partnership with award-winning ...
Refinitiv Combines GIACT’s EPIC Platform with World-Check to Help Protect the Consumer Life Cycle
Introduction of a single API solution offers a holistic approach to fraud and risk, covering the customer life cycle across ...
Astorg and Bridgepoint Complete Fenergo Acquisition
Dublin (July 28, 2021) – Fenergo, the leading provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for ...
Primasia Digitizes Client Onboarding in Corporate Services with Know Your Customer
Hong Kong (June 22, 2021) – Primasia Corporate Services Limited have announced that award-winning RegTech company Know Your Customer is ...
Conflicting Risk Appetites: A Surefire Recipe for Due Diligence Disasters
CDD and KYC have been baked into AML compliance for two decades now, yet enforcement of money-laundering violations continues to ...
