Tag: Anti-Money Laundering

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.

In today's intricate business environment, understanding the entities with which companies conduct business is becoming increasingly vital.

Politically Exposed Persons, or PEPs, are those who occupy prominent positions in public offices, potentially including roles in government bodies, international organisations, or significant corporate entities.

Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money...

The United Arab Emirates (UAE) has made significant strides in its anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks.

In the realm of FinTech, understanding the nuances between Know Your Customer (KYC) and Know Your Business (KYB) is essential for businesses navigating the complexities of regulatory compliance and risk management. Both KYC and KYB processes are foundational in building trust and ensuring financial integrity within companies.

Ensuring compliance with sanctions screening is pivotal in risk management for globally operating businesses.

Hawk, a key player in the FinTech industry, has announced a significant boost to its Series B funding today, marking an increase in valuation.

Is your financial institution overlooking its greatest asset? In today’s competitive market, many companies undervalue the role of compliance.

As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of technology.