Tag: Due Diligence

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Flagright recently detailed how financial industry companies can manage third-party risks in compliance solutions.

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.

RegTech startup Naq, an automated data compliance and due diligence platform, has secured $1.5m in its seed funding round.

Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.

Ensuring due diligence has always been a key part of helping an organisation remain compliant and secure in the face of outside challenges. Ensuring cyber due diligence is no different.

Adverse media is becoming increasingly important to compliance processes. With so much to check, Sigma Ratings has posed the question of whether Google search strings can make things easier.

In a hyper digital world, the need for customer due diligence has never been more imperative to the identity confirmation process.

 HyperComply, which automates security reviews and accelerates due diligence, has closed its seed round on $6.4m.

KYC and client lifecycle management (CLM) solution developer Fenergo has acquired Sentinels, which builds AI-powered AML and transaction monitoring platform.