Both industry regulators and the Financial Action Task Force (FATF) consider politically exposed persons (PEPs) to pose a higher risk of corruption and involvement in money laundering and/or terrorist financing. To effectively mitigate the potential risks posed by such activities, […]
The accuracy and reliability of data used in politically exposed person (PEP) screening are paramount to its effectiveness. High-quality data ensures relevant PEP profiles are identified accurately, minimizing false positives and negatives. It involves collecting comprehensive and up-to-date information from […]
The UK government has proposed new rules for banks requiring more transparency with account closures. Under the proposal, banks would be required to delay account closures by 90 days and provide a notice to customers explaining why their account is […]
Tune in as our expert panel shares key insights on identifying and screening PEPs effectively in today’s geopolitical climate.
Amid media reports that financial institutions are restricting the access of politically exposed persons (PEPs) and their associates to financial services, the UK government has ordered the Financial Conduct Authority (FCA) to review its PEPs risk management guidance. Indeed, per […]
By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.
Eva Kaili, one of the European Parliament’s 14 vice presidents, was among five arrested on bribery and corruption allegations during a probe by Belgian authorities. Investigations have uncovered a web including Kaili’s partner, former politicians, and NGO decision-makers. Nineteen or […]
In October 2021 the International Consortium of Investigative Journalists (ICIJ) published the results of an explosive investigation known as the Pandora Papers More than 600 journalists from across 117 countries including from the BBC, The Washington Post, and The Guardian, […]
More than 11.9 million confidential files have been released that expose the secret wealth and offshore dealings of the rich and powerful in what’s been called the “biggest trove of leaked offshore data in history”. Making headlines across the globe, […]
The outcomes ComplyAdvantage’s comprehensive data coverage means OakNorth Bank is now able to use one single platform to onboard and monitor customers against all relevant databases. The solution’s customizability has made it easy to configure search algorithms and select the […]
IPT Africa’s compliance team can now make informed decisions about client risk, escalate potential high-risk cases, and take actions in real-time, which ultimately shortens the time it takes to onboard new customers.
Cryptocurrencies (also known as virtual assets) are introducing new possibilities for users across the financial landscape but are also disrupting the way regulators and financial institutions deal with criminal threats such as money laundering and the financing of terrorism. Discover […]
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