Tag: KYC

Know Your Customer (KYC) procedures are fundamental policies and processes implemented by businesses to mitigate risks and authenticate the identities of customers throughout their entire lifecycle. These protocols are especially critical in regulated industries, serving as a safeguard against money laundering, terrorism financing, fraud, and other illicit activities. FullCircl has put together a comprehensive guide to KYC procedures.

Encompass Corporation, a pioneer in Corporate Digital Identity (CDI), has recently announced the appointment of Stuart Barnard as its first Chief Financial Officer (CFO).

In the latest episode of Napier AI's podcast series, the spotlight shines on the transformative power of automation in the compliance processes within the Wealth & Asset Management sector.

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.

On 14 March 2023, FullCircl led a significant assembly of the UK's premier financial crime and compliance authorities to impart crucial insights and strategies...

Sumsub, a global leader in full-cycle verification, has announced a strategic partnership with Chainalysis, the forefront of blockchain data analysis.

IDfy, an innovative player in the identity verification space, has recently announced a significant financial boost, raising $27m in a recent investment round.

Over the past few years, WealthArc, which helps automate workflows for wealth managers,  has spoken to many prospects about Portfolio Management Systems (PMS). Far too many have responded with interest in PMS, but stated they don't need a solution for client relationship management. 

Last week, UK Finance, the banking trade association, issued a cautionary advisory to financial institutions regarding approximately 800 suspicious filings concerning 190 companies submitted to Companies House. These filings purportedly revolve around the erroneous discharge of registered charges.

In the rapidly evolving world of financial services, compliance and market dynamics are undergoing significant transformations, driven by macro trends that are reshaping the...