Home Tags Customer Due Diligence
Tag: Customer Due Diligence
Why AI in compliance fails without readiness checks
Banks and financial institutions are rushing to layer AI onto compliance operations that were never built to support it, according to identity verification and...
FICA pressure turns CDD into a make-or-break test
Customer due diligence (CDD) in South Africa has grown from a basic know your customer (KYC) exercise into one of the most demanding parts...
Why sanctions screening can miss hidden AML risk
Financial institutions have access to increasingly sophisticated sanctions and politically exposed person (PEP) screening tools, but these checks cannot capture every development that could...
KYCP bets on no-code tools to end compliance bottlenecks
Fast-growing payments and digital asset firms are increasingly finding that legacy compliance systems, built around static checklists and developer-dependent workflows, cannot keep pace with...
AI shifts compliance from checkbox work to judgment calls
Compliance analysts are meant to be investigating risk and stopping fraud, yet much of their day is consumed by chasing documents and verifying paperwork....
How “working” controls quietly stop working
Corlytics' latest Global Enforcement Report reveals an uncomfortable pattern: most organisations hit with enforcement action were not short of controls. They had policies, monitoring...
KYCP moves to fix broken onboarding with COT 2.1.6
Client onboarding remains one of the most persistent pain points in RegTech, with clunky interfaces and confusing workflows costing firms both time and completed...
CDD vs EDD: where compliance teams draw the line
CDD is the standard set of checks a regulated firm carries out on every customer, designed to verify identity and gauge the level of...
Financial crime’s weakest link? Banks that stop at onboarding
Know Your Customer (KYC) has long been treated as a box-ticking exercise at account opening, but for financial institutions the real danger lies in...
New EU AML rulebook raises the bar for compliance
The EU's Anti-Money Laundering Regulation (AMLR) is reshaping compliance expectations across the bloc, and financial institutions that treat the 10 July 2027 application date...
