Tag: FullCircl

The war in Ukraine has underscored how quickly sanction and PEPs lists can change. Since 2022, the US, UK, EU, Australia, Japan and Canada have imposed over 16,500 sanctions on Russia, according to the BBC. The current turbulent geopolitical scene means financial services firms need to be ready for regular, and often sudden, changes to PEPs and sanction lists. FinTech Global recently spoke to several industry players to ask whether financial institutions are keeping up with the modern sanction/PEPs landscape.

FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, has offered a complete guide to money laundering regulations 2024. The updated guide explores...

On 14 March 2023, FullCircl led a significant assembly of the UK's premier financial crime and compliance authorities to impart crucial insights and strategies in anti-money laundering (AML), compliance, and anti-fraud that are setting financial institutions (FIs) apart in the competitive arena.

In today's digital era, where business transactions and partnerships extend beyond borders, the importance of conducting due diligence cannot be overstated. FullCircl, a Customer Lifecycle...

FullCircl, a pioneer in the FinTech sector, has unveiled its latest innovation – the W2 White Label Identity Verification Platform.

FullCircl, a UK-based SaaS platform that automates the verification of global businesses and individuals, has announced a host of senior leadership appointments to drive...

In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.

In the competitive landscape of banking, customer onboarding emerges as a pivotal phase, with customer due diligence standing at its core. When managed poorly, the onboarding process can deter potential clients, causing banks to miss out on new revenue streams. Conversely, hasty or inaccurate due diligence could lead to the acquisition of customers who pose commercial and reputational risks, potentially incurring hefty regulatory fines.

According to recent reports from The Times, the United Kingdom is poised to pioneer the development of a revolutionary concept: the implementation of AI-powered ‘Smart...