Tag: Enhanced Due Diligence
How UK financial firms can improve their approach to PEP regulations
The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.
Malaysia’s path to enhanced financial transparency and AML compliance
Financial institutions and regulated entities across Malaysia are gearing up for the nation’s fifth mutual evaluation by the FATF, scheduled for 2025.
The critical role of PEP compliance in financial institutions
Politically Exposed Persons, or PEPs, are those who occupy prominent positions in public offices, potentially including roles in government bodies, international organisations, or significant corporate entities.
Napier AI’s call for smarter CDD practices in HM Treasury’s latest...
Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money...
AML within wealth and asset management – major questions resolved
Anti-money laundering (AML) strategies in the wealth and asset management (WAM) sector are undergoing significant transformations to combat financial crimes more effectively.
EU’s AML regulations to transform crypto and high-value transactions
The European Union (EU) has recently made a significant stride in fortifying its defenses against money laundering and terrorist financing. A provisional agreement reached between the EU Council and Parliament introduces a comprehensive anti-money laundering (AML) package aimed at protecting EU citizens and the financial ecosystem.
Unlocking the secrets of enhanced due diligence in global finance
The world of global finance comes with its share of dangers. From the looming shadows of money laundering to the menace of terrorist financing, safeguarding transactions is not just prudent, it's mandatory. This brings Enhanced Due Diligence (EDD) into the limelight.