Tag: customer due diligence

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.

OneID, the UK's leading digital identity service, has reached a new milestone in the field of Identity Verification for Know Your Customer (KYC) and Anti-Money Laundering (AML).

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 

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

KPMG UK has released a new customer due diligence (CDD) solution that it hopes can reduce the total costs of KYC compliance of up to 40%.