After SEC Flags Compliance Failures, Broker-Dealers Can Follow These Practical Tips to Avoid Penalties
In zeal to land lucrative deals, don’t forget about AML & KYC requirements
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.
AI Arms Race: Banking Industry, Cybercriminals Keep Trading Punches
Feel safe in the knowledge that you’re covered by KYC checks? Are you sure about that? An arms race of ...
FCA Review Promises to PEP up Global Banking
UK regulators are set to embark on a review of banks’ so-called PEP lists, rosters of people who, because of ...
Wildlife Trafficking & Financial Crime
Illicit wildlife trafficking is on the rise; what does it have to do with financial crime? Analysis Moody’s KYC Report ...
Fighting Money Laundering Starts With Customer, Supplier Onboarding
With signs that money laundering is on the rise globally, many companies will point to their AML programs and assume ...
Biometrics & AI Among Modern Solutions to ID Verification
Banks and financial institutions subject to anti-money laundering and know your customer regulations are old hands at understanding the importance ...
How to Outsmart Money Laundering Networks: a New Paradigm for More Efficient AML
This free 30-page eBook explores graph analytics as an AML tool to uncover money laundering networks and improve financial crime ...
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? 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 ...
AML & KYC: Addressing Key Challenges for 2023 and Beyond
(Sponsored) In today’s world, financial criminals are often a step ahead of regulators and financial institutions who struggle to effectively ...
Everything You Need to Know About pKYC
Simply knowing your customer isn’t enough anymore; to keep pace with modern threats, perpetual know-your-customer practices will enable organizations to ...
Why Russian Sanctions Require Compliance Teams to Take a Fresh Look at KYC Procedures
The Russian invasion of Ukraine continues with no signs of a resolution, and along with the protracted conflict, the U.S. ...
