Tag: CDD

The risk-based approach (RBA) has become a central pillar of financial crime compliance worldwide, replacing outdated one-size-fits-all models with flexible frameworks that adapt to...

WorkFusion is redefining how organisations in regulated industries deploy artificial intelligence with a unique approach to AI Agents—designed from the ground up to be...

Sensa Investigation Hub, developed by SymphonyAI, is helping reshape how financial institutions tackle compliance and financial crime investigations. SymphonyAI recently released a video outlining how...

Buying a home is a significant milestone, but the process can be fraught with complexity—especially when it comes to anti-money laundering (AML) checks. As...

With FinCEN’s final rule extending BSA obligations to RIAs and ERAs from January 1, 2026, the investment advisory landscape is entering a new era...

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This...

In 2024, over $3.1 trillion of illicit funds circulated globally, with money mules playing a pivotal role in disguising these transactions. Identifying these mules...

KYC Portal CLM has announced a strategic collaboration with PwC United Kingdom (UK) and PwC Channel Islands (CI), combining their expertise to deliver enhanced value for organisations worldwide.

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.