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AML automation: where compliance needs humans
Financial institutions are increasingly using automation to manage growing AML workloads, but RegTech provider ZIGRAM argues that more automation does not necessarily mean better...
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 risk, not a checklist, decides who gets EDD
Enhanced due diligence (EDD) becomes necessary the moment a customer or transaction carries more risk than standard checks can capture.
According to Opoint, rather than...
PEP screening’s data gap leaves compliance exposed
Politically Exposed Person (PEP) screening determines whether a customer, counterparty or beneficial owner holds a position of public influence that carries an elevated risk...
Why one screening check leaves compliance teams exposed
Compliance teams often treat sanctions screening, PEP screening and adverse media screening as interchangeable checkboxes. They are not.
Each targets a different category of risk,...
The AI arms race in financial crime has already begun
Financial crime is not standing still. Criminal networks are exploiting increasingly sophisticated technology, transaction volumes keep climbing, and regulatory expectations are growing ever more...
PEP screening best practices every compliance team needs
A politically exposed persons (PEP) check ranks among the most consequential elements of any AML compliance programme. Institutions that get it right identify elevated...
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...
How EDD software tackles high-risk client management
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...
How FinCEN’s proposed rules are pushing AI in financial crime
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...
