A Guide to Anti-Money Laundering for Crypto Firms
Singapore is often rated as the top location outside of Silicon Valley for technology innovation and disruption. As a result, it has become a thriving hub for FinTechs. This guide explores how firms operating in Singapore can comply with the city-state’s AML/CFT regulations.
A customer risk assessment is a necessity when onboarding new customers. It ensures that high-risk individuals are identified, and appropriate anti-money laundering (AML) measures are put in place. But what elements should firms consider as part of an AML customer […]
Banks need a new approach to detecting financial crime. This hands-on guide explores how AI can be deployed in transaction monitoring systems today, improving alert remediation and helping compliance teams better identify networks of illicit activity.
Despite the war in Ukraine and the ongoing pandemic, the EU has other pressing policy issues on its collective mind in 2022, of which AML/CFT reform is amongst the most important.
As FinTechs grow and acquire more customers, their AML/CTF programs must also mature. The firms best set up for success are those with scalable solutions and a sound understanding of AUSTRAC’s expectations of the firms it regulates. This guide provides hands-on tips and best practices for any FinTech looking to scale in Australia.
Enhanced due diligence (EDD) involves determining, based on a risk-based approach, to investigate particular clients more thoroughly – requiring significantly more evidence and detailed information about reputation and history to be collected. EDD is especially relevant for high-risk or high-net-worth […]
Transaction screening is a critical extension of an effective transaction monitoring program. Sanctions breaches constitute serious offenses and can result in heavy penalty fines. Accordingly, banks and financial institutions must check customers against relevant sanctions lists as efficiently and accurately […]
Hosted on blockchain technology and offering access to innovative new financial products and services, cryptocurrencies are disrupting financial systems in jurisdictions all over the world. Cryptocurrencies – or the digital tokens that represent them – may be exchanged directly between […]
In order to meet the demands of AML/CFT regulations, banks must implement suitable Know Your Customer (KYC) measures in order to understand who their customers are, and the nature of the business in which they are involved. With that requirement […]
HTB is working to stay ahead of the rapidly evolving financial crime landscape, and the growing sophistication of fraudsters. To support this work it was looking for a transaction monitoring and screening solution that would meet the needs of its growing customer base while safeguarding the bank’s reputation.
Santander UK has successfully cut the customer onboarding cycle time from 12 days mean cycle time to 2 days.
ComplyAdvantage’s intuitive user-interface allowed Monneo’s compliance team to quickly optimize their processes and reduce time spent conducting manual reviews.
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