The KYC2020 Guide to PEP Screening: What features and technologies should you look for in today’s PEP data and screening solutions?
Anti Money Laundering
The KYC2020 Guide to PEP Screening: Defining PEP Risk
What is PEP risk, and why is it so critical to your AML/CFT compliance that you need to effectively screen for it?
Smart AML Compliance Solutions Powering Credit Unions into the Future
What are the core AML compliance solutions credit unions need to be AML/CFT compliant and still maintain their competitive advantage in the years to come? As credit unions continue to grapple with a growing mountain of costly and complex financial…
The Biggest Obstacles to Credit Union AML Compliance in 2021
What unique challenges are credit unions facing in their AML compliance heading into 2021? This is the second article of our three-part series on AML compliance among today’s credit unions. Anti-money laundering (AML) compliance has always been a significant burden…
What does it mean to Know Your Customer?
Keeping your business compliant when it comes to sanctions screening can be a bit intimidating. Let’s start with understanding what it means to Know Your Customer or Client (KYC). Banks must check the identity of their clients at the time of onboarding.…
How AI helps your company fight Cyber Crime
Easy access to online payments, including money transfers, makes the need for sanction screening and AML compliance critical. Fines for AML/CFT non-compliance can be significant. For SME’s, credit unions, and Fintech companies, finding efficient and affordable solutions had been out…
Identifying “layering” in the fight against money laundering
Many criminal activities generate substantial volumes of cash that require money laundering and layering to avoid detection. These can include drug trafficking, arms dealing, terrorist activities, theft rings, and even human trafficking. The anti-money laundering regulations and controls are in place to…
Building AML Compliance in Today’s Credit Unions
As regulators increase AML compliance demands on credit unions, the high cost of AML compliance is a critical challenge. How can credit unions both fulfill AML requirements and improve operations? Over the past few years complying with anti-money laundering (AML)…
5 Key Aspects to Finding the Right CAMLO
As a reporting entity under most Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations you must appoint an able and qualified person as your Chief Anti-Money Laundering Officer (CAMLO). This is essentially the first step to meeting your legal obligations. The…
Writing Your AML Policy for Fintech Startups
Financial technology (Fintech) firms are subject to Anti-Money Laundering (AML) regulations or oversight via their relationship and dependency on banks. The unassuming, but crucial expectation, of this oversight is an AML policy which describes how the Fintech will administer their…