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 […]
Managing your client relationships with politically exposed persons (PEPs) is a high-priority issue for any compliance officer responsible for this high-risk area of the business. Managing PEPs in Practice Despite the importance of these relationships for any financial institution (FI), […]
Fighting financial crimes committed by political figures starts with identifying them. It’s easy to identify a head of state or key members of a legislature, but there are many politicians in the world who don’t claim a significant spotlight. Screening […]
The Challenges of Politically Exposed Persons (PEPs) A Guide to PEPs FATF explicitly emphasizes that its politically exposed persons (PEPs) requirements should not be interpreted in any way as an effort aimed at stigmatizing PEPs. Given the tens of thousands […]
When elected to prominent political positions or assigned high-profile public roles, individuals should be categorized as politically exposed persons (PEPs) to reflect their increased risk of involvement in money laundering or terrorism financing. Global regulators require financial institutions (FIs) to […]
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