Tag: enhanced due diligence

For regulated financial services firms, enhanced due diligence is no longer a box-ticking exercise. It is a core operational challenge that demands the right...

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking on 7 April, aimed at fundamentally overhauling...

Politically exposed persons (PEPs) occupy a unique position within AML frameworks. Because they hold roles of public prominence — from members of parliament and...

AML compliance has become a core operational requirement for financial institutions navigating a landscape of increasingly complex regulations. As organisations adopt digital tools to...

The compliance function has spent two decades absorbing wave after wave of new regulation. Yet for many institutions, KYC and CLM processes remain stubbornly...

Adverse media screening has become a core control in financial services, yet many programmes are quietly undermined by their own volume. Alert fatigue is...

KYC Portal (KYCP) has expanded its risk orchestration capabilities through a new integration with Mastercard MATCH Pro, strengthening merchant due diligence within its Client...

Financial rules and regulations continue to evolve, placing growing pressure on financial institutions to stay agile and informed in their approach to AML. According to...

Financial institutions can expect regulators to zoom in on how they handle high-risk customers, unusual transactions and complex ownership structures, especially when controls have...

Banks do not typically fail at KYC because they are short of data. They fail because customer risk too often stops evolving once onboarding...