Tag: EDD

The compliance function has long been under pressure, but the strain is now reaching a breaking point. More than half of compliance officers –...

KYC Portal (KYCP) has introduced a new integration with Mastercard MATCH Pro, enhancing merchant due diligence within its Client Lifecycle Management (CLM) platform. Delivered via...

Banks don’t struggle with KYC because they cannot access data; the bigger failure is that customer risk stops evolving once the onboarding file is...

Gatekeeper professions – from law firms and accounting practices to estate agents and trust service providers – face increasingly difficult compliance terrain. As financial...

Malaysia’s financial institutions are entering a pivotal phase as regulators intensify their focus on anti-money laundering (AML) standards and financial crime threats become more...

When a financial institution mis-sells a financial product, the consequences can be severe—sometimes even leading to a licence revocation. This scenario recently unfolded in Oman,...

The risk-based approach (RBA) has become a central pillar of financial crime compliance worldwide, replacing outdated one-size-fits-all models with flexible frameworks that adapt to...

Financial institutions are under mounting pressure to improve their enhanced due diligence (EDD) programmes, long regarded as one of the most resource-intensive areas of...

WorkFusion, a pioneer in AI-powered solutions for financial crime compliance, has introduced a new AI agent—Edward—designed to overhaul the enhanced due diligence (EDD) process...

Beneficial ownership refers to the individuals who ultimately own or control a business entity, often behind the scenes, wielding influence over decisions and profits....