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.