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What is simplified due diligence and when should it be used?
For financial institutions operating in an increasingly complex regulatory environment, safety, security and compliance with anti-money laundering (AML) obligations remain non-negotiable.
According to SmartSearch, firms...
California’s pioneering digital financial assets law: A new era in crypto...
Until now, cryptocurrency companies in California have operated without a license, but this is set to change with the introduction of the Digital Financial...
Regulatory penalties for global financial institutions see sharp decline in H1...
Regulatory fines slapped on global financial institutions saw a staggering 88% dip in H1 2023 compared to the same period last year. This significant decline was unveiled in a report from Fenergo, the top-tier provider of digital solutions in client lifecycle management (CLM).
Sumsub enhances Wirex’s virtual asset transfer and compliance with new partnership
Digital payment pioneer, Wirex, has forged a partnership with Sumsub, a leading global full-cycle verification platform. This collaboration aims to fortify Wirex's stance in the domain of virtual asset compliance and transaction monitoring.
The role of AML audits in enhancing regulatory compliance
In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.
