Tag: FATF

The United Kingdom, the new head of the global illicit finance watchdog, has assumed the Presidency of the Financial Action Task Force (FATF) for...

The compliance landscape for regulated financial services firms has shifted considerably in recent years. Regulators are no longer willing to accept that enhanced due...

A 1993 New Yorker cartoon showed one dog telling another, "On the Internet, nobody knows you're a dog." The joke has held up rather...

Picture the scene: a financial institution is onboarding a new corporate client with operations spanning the UAE, the UK, and the EU. Before any...

As regulatory expectations evolve, compliance assessment is moving beyond documentation alone. Increasingly, organisations are expected to demonstrate not just that controls exist, but that...

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the UAE's international financial centre, has concluded a review and update of...

Anti-money laundering (AML) regulation is entering a new phase. Across jurisdictions, regulators are shifting away from simply checking whether institutions have controls in place,...

Know Your Business (KYB) has become a cornerstone of modern compliance frameworks, yet many organisations still underestimate its scope. According to AiPrise, At its...

Financial institutions are sitting on a growing compliance problem. Across the sector, customer files are increasingly inaccurate, outdated, and risk-generating. In many cases, records...

Most compliance programmes can answer the question "who owns this entity?" What they cannot reliably answer is whether a corporate structure has been deliberately...