Tag: Politically Exposed Persons

In the world of financial services, few areas attract as much attention or scrutiny as anti-money laundering (AML) compliance. Recent headlines involving both challenger banks...

LSEG Risk Intelligence has unveiled World-Check On Demand, a platform designed to deliver real-time risk intelligence data. The launch comes as the company celebrates the...

Compliance remains one of the most pressing challenges for financial institutions, payment providers, and cryptocurrency platforms. These organisations face a delicate balance: ensuring customer...

AI is rapidly reshaping how financial institutions approach financial crime compliance, with intelligent automation delivering faster, more accurate results. According to WorkFusion, it has emerged...

Navigating regulatory compliance remains one of the most challenging tasks for businesses operating today, especially in the UK. Companies are under increasing pressure to...

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance and sanctions screening, has raised new capital in a Series B funding round.

Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors. According to Alessa, customer-type ratings...

In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs.  According...

KYB, or Know Your Business, is an essential process for businesses engaging with other companies. It serves as the backbone of safe, compliant third-party relationships, enabling firms to assess and manage potential risks before formalizing business agreements.

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.