Financial services firms have to define, implement and manage their approach to AML. Firms need to be able to detect and report money laundering or suspicious activity. This duty starts when onboarding new customers, but it doesn’t end there. So, what does constitute a solid approach to AML throughout a customer's lifecycle?
In a time of remote working and digital customer onboarding, it’s more important than ever to have the right SaaS solution available to carry out efficient case management which leads to better customer onboarding experiences.
Using automation to complete your customer onboarding journeys means processing more applications more quickly, while complying with any form of regulation in any jurisdiction for any product. Smart!
5years ago, Donald Gillies, PassFort's co-founder & CEO, wanted to transform the way trust and compliance were managed online. From that vision to the realities for our regulated customers today, PassFort is changing and growing CLM one process at a time.
Today, PassFort announced the introduction of its new compliance solution that allows regulated businesses to take their first (and easiest) step towards digital transformation of their CLM processes.
Since the news broke there has been a lot to digest. Here we do some of that work for you. The FinCEN files leak - What it is? What does it mean? Why is it important? And, what could happen next?
Summer is over here in the UK, although no one seems to have told September that - it is scorching outside. Creating a round-up of the last three months reveals Q3 has been fun-ish (barring lockdown etc).
Get insight from David Cowland, Head of Compliance Ops at Fidelity International, on tackling the thorniest of compliance issues with the latest digital approaches.