Enginsight secures €6m to bolster cybersecurity for German SMEs
Enginsight, a seasoned German provider of an all-in-one cybersecurity platform, has successfully concluded a new funding round, securing €6m.
QuantCube Technology unveils asset mapping database for enhanced ESG risk compliance
QuantCube Technology today unveiled its innovative Asset Mapping database, engineered to bridge the critical data gap faced by banks, insurance firms, asset managers, and corporations.
Essential steps for verifying your UAE business in 2024
The KYB framework is vital for verifying the legitimacy and integrity of a business entity, ensuring that it adheres to legal and regulatory standards....
Mastering KYC onboarding to combat financial crimes effectively
The KYC (Know Your Customer) onboarding process is not just a regulatory formality; it's a critical defense mechanism for banks and financial institutions against the threats of money laundering, terrorism financing, and other unlawful activities.
Beyond the metrics: Understanding what ESG scores can and can’t do
The debate surrounding the acronym of ESG has evolved from divisive to disappointing within the financial services sector.
OPBAS reports uneven progress among anti-money laundering supervisors
The OPBAS, functioning under the FCA, has identified ongoing inconsistencies in the supervisory efforts of the UK’s PBSs in combating money laundering.
Hong Kong advances digital currency innovation with new phase of e-HKD Pilot
The HKMA has initiated Phase 2 of the e-HKD Pilot Programme, known as Project e-HKD+, on September 23.
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.
