Tag: CDD

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

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

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

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

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...

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

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.

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

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.

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