Tag: Beneficial Ownership

Sanctions screening has become an essential line of defence in the global fight against money laundering and terrorism financing. Lawyers, accountants, real estate agents,...

Identifying ultimate beneficial owners (UBOs) remains one of the toughest challenges for compliance teams conducting customer due diligence (CDD). According to KYC360, these individuals, who...

The U.S. Department of Commerce’s BIS has made a decisive move to strengthen export control enforcement by closing loopholes that allowed sanctioned entities to...

When the Financial Action Task Force (FATF) arrives in Canada later this year, it will mark a crucial test of the country’s financial crime...

As global business transactions grow increasingly complex, the need for effective Know Your Business (KYB) workflows has never been more pressing. With fraud losses...

Fragile and conflict-affected states remain particularly vulnerable to terrorism financing (TF) due to weak governance, porous borders, and limited resources. These conditions create fertile...

Asset management firms face increasing scrutiny when it comes to complying with global sanctions regulations. Failing to meet these obligations can result in severe...

As financial crime becomes increasingly borderless, the regulatory world is following suit. In 2025, Know Your Customer (KYC) regulations are no longer evolving in...

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

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system annually.