Tag: know your customer

WorkFusion has teamed up with 1LoD to produce a comprehensive Financial Crime Benchmarking Survey & Report, offering fresh insight into how top global banks...

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This is typically done through a carefully structured three-stage process. Understanding these stages is vital for businesses implementing anti-money laundering (AML) strategies, as it can help identify potential criminal activity.

FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening...

Key European RegTech investment stats in 2024: European RegTech deal activity halved in 2024 YoY UK firms dominated the European RegTech marketplace completing a...

Encompass Corporation, a leader in Corporate Digital Identity (CDI), has appointed Nynke Postma, the founder and former CEO of Blacksmith KYC, as the new Head of Business Development for Asia and the Middle East.

TransactionLink, a pioneer in onboarding automation solutions for Know Your Business (KYB), and Know Your Customer, the award-winning Software as a Service (SaaS) ecosystem for Business Know Your Customer (KYC) verification, have announced a strategic partnership.

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

Know Your Customer, a renowned RegTech provider, has announced a strategic partnership with Joint Electronic Teller Services Limited (JETCO) to offer real-time access to...