Tag: customer due diligence

Explore why rules-based KYC remains vital despite AI advances. Learn how KYC Portal CLM keeps compliance efficient and auditable

In today’s rapidly evolving regulatory environment, financial institutions can no longer afford to treat compliance as a routine check-box exercise. A single overlooked red...

Diversity in the financial ecosystem is no longer a trend—it’s the norm. Gone are the days when personal finance required visiting a physical bank...

Australia’s financial crime watchdog, AUSTRAC, has taken a major step towards modernising its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework by publishing its Second...

In an increasingly complex regulatory landscape, small and medium-sized enterprises (SMEs) are facing growing pressure to keep pace with anti-money laundering (AML) compliance requirements....

The European Banking Authority (EBA) has published a new consultation outlining proposed Regulatory Technical Standards (RTS) to overhaul how anti-money laundering (AML) and counter-terrorism financing (CFT) are supervised across the EU. The proposed changes are intended to create consistency, clarity and stronger oversight across the bloc while informing the work of the new Anti-Money Laundering Authority (AMLA).

As the fentanyl crisis intensifies, Canada is turning to technology to curb drug trafficking and its financial enablers. Napier AI, which offers a next-generation intelligent...

Client onboarding is a critical first step in understanding who financial institutions are doing business with and assessing potential risks. This know your client (KYC) process helps firms meet anti-money laundering (AML), counter-terrorist financing (CTF), and broader compliance requirements, while also preventing fraud.

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

The Financial Crimes Enforcement Network (FinCEN) has recently issued a pivotal final rule that mandates registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish comprehensive anti-money laundering (AML) and countering the financing of terrorism (CFT) frameworks under the Bank Secrecy Act (BSA).