Tag: Beneficial Ownership

The FCA's latest review of money mule activity paints a detailed picture of how financial crime is shifting across the UK's regulated sector. Beyond...

Customer due diligence (CDD) has grown from a simple know your customer (KYC) exercise into one of the most demanding parts of the anti-money...

Know Your Business (KYB) is the process of confirming that a company is legally registered, genuinely exists, and is controlled by people who are...

The UK's Office of Trade Sanctions Implementation (OTSI) has published its first annual review, giving compliance teams a clearer indication of how the country's...

Standard checks aren't always enough. When a customer or transaction carries more risk than routine screening can handle, firms are required to step up...

One of the biggest new US anti-money laundering reporting regimes has effectively just been dismantled, after FinCEN finalised sweeping changes to the Corporate Transparency...

CDD and EDD sit at the heart of every regulated firm's defences, yet the distinction between the two is often misunderstood. In short, CDD is...

Financial institutions across Europe are facing a fundamental shift in how anti-money laundering compliance is designed, evidenced and supervised, as the EU's new AML...

Registered investment advisers in the US have officially entered a new regulatory era. FinCEN's landmark anti-money laundering rule came into force on 1 January...

The rules governing beneficial ownership information reporting have undergone a dramatic transformation since the Corporate Transparency Act (CTA) came into force — and compliance...