Enhancing trust and compliance in business networks through effective KYB strategies
Corporate onboarding encompasses processes critical for meeting regulatory demands, including AML compliance and thorough business verification to prevent financial crime.
The critical role of enhanced due diligence in AML compliance
Enhanced Due Diligence (EDD) represents an advanced level of scrutiny, serving as a crucial component beyond basic KYC checks.
The essential guide to Know Your Business verification processes
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.
Hummingbird acquires LogicLoop: Revolutionizing risk management with advanced data integration
Hummingbird, a leader in financial crime risk management, has announced the strategic acquisition of LogicLoop, known for its pioneering no-code data integration and automation technology.
How FinCEN’s new AML/CFT proposal leverages AI for better compliance
In a move to modernize AML/CFT frameworks, the U.S. Department of the Treasury's FinCEN has unveiled a proposal under the Anti-Money Laundering Act of 2020.
Hong Kong and Dubai strengthen ties in sustainable finance with new agreement
The HKMA and the DFSA have taken a step towards strengthening sustainable finance by hosting their first Joint Climate Finance Conference.
The critical role of model governance in eliminating AI bias
Bias in AI is currently a hot topic in the media and among regulators and industry experts.
UK government takes steps to combat late payments to small businesses
The UK government has announced a package to support small businesses and the self-employed by addressing the persistent issue of late payments.
Picus Security secures $45m to redefine cybersecurity with adversarial exposure validation
Picus Security, a trailblazer in cybersecurity validation, announced today that it has secured a $45m growth investment.
How to forge winning partnerships with broker-dealers: A guide for asset managers
Understanding the mindset of intermediaries is paramount for asset managers aiming to engage and collaborate with broker-dealers effectively. It's essential to grasp the key drivers behind their decision-making processes and identify critical contacts within their home offices. Such insights can highlight potential leverage points even before partnerships are forged.
