Tag: Politically Exposed Persons

In financial services, few issues carry as much weight—or as much scrutiny—as anti-money laundering (AML) compliance. The risks of getting it wrong are considerable, from...

LSEG Risk Intelligence has launched World-Check On Demand, a new platform designed to deliver real-time compliance and risk data.

Compliance remains one of the most pressing challenges for businesses in the financial services industry. Striking the right balance between customer safety and seamless...

AI is rapidly reshaping how financial institutions approach financial crime compliance, with intelligent automation delivering faster, more accurate results. According to WorkFusion, it has emerged...

Navigating regulatory compliance remains one of the most challenging tasks for businesses operating today, especially in the UK. Companies are under increasing pressure to...

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance, has completed its Series B funding round, marking a significant step in its international expansion plans.

In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs. 

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).

Know Your Business (KYB) and Anti-Money Laundering (AML) are critical parts of the compliance ecosystem, but how aligned are they? FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, recently delved into the role of KYB in the AML process. 

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering...