Tag: CDD

How the 50 percent rule impacts international business compliance

The US, UK, and EU each implement a "50 percent rule" within their sanctions frameworks, crucial for monitoring international financial activities.

Navigating the global landscape of customer due diligence regulations

Customer Due Diligence, or CDD, plays a pivotal role in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF).

SymphonyAI introduces a game-changing entity resolution solution for modern finance

SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.

Napier AI’s call for smarter CDD practices in HM Treasury’s latest...

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...

How to enhance KYC and CDD processes for better customer experiences

Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best...

How AI transforms KYC into a continuous compliance powerhouse

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.

How Customer Due Diligence safeguards against financial crime in FinTech

Customer Due Diligence (CDD) is a cornerstone in the banking and financial industry's defence against financial crime.

Several industry associations voice concerns over AML regulation draft

In an industry-wide call to action, several prominent associations have voiced their concerns over the potential consequences of the current draft text of Recital 34 in the Anti-Money Laundering (AML) Regulation.

Why CDD is crucial in banking and beyond

Electronic IDentification, which offers KYC and AML software, has released a report exploring the role of CDD in banking.

What are the key pillars of customer due diligence for banks?

In a hyper digital world, the need for customer due diligence has never been more imperative to the identity confirmation process.

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