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 ...
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.
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 ...
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 ...
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 ...
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 ...
