KYC/KYB

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) is a set of additional measures that financial institutions have to implement to check and monitor high-risk customers and unusual transactions for potential money laundering activities. Every year around $2tn in illicit cash flows through the global […]

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 […]

Despite recent volatility in the cryptocurrency market, 420 million people globally still access their services. As a result, governments worldwide are exploring how to regulate and integrate crypto exchanges into the financial system. This is creating new customer verification and […]

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.

ComplyAdvantage’s reliable customer support and transparent whitelisting capabilities and controls allowed Azimo to better manage their client risk through alert and false positive reduction.

4Stop reduced false positives and improved results and usability

The flexibility in the tool’s parameters allowed ROBOCASH’s compliance team to configure their screening and monitoring approach to reduce false positives and make quicker decisions on clients.