Canada recently introduced new anti-money laundering regulations. We take a look at the essentials of the new regs, what's changed and what those changes mean for financial institutions.
The regulatory landscape for FinTechs is a picture of constant change, partly because of new threats. But, how good are compliance automation solutions at enabling firms to keep up or keep ahead?
KYB checks are so important when onboarding corporate clients, helping you suss out all the people behind the operation. Here's a brief rundown on the essentials of KYB and UBOs.
No matter the type of bank, KYC and AML activity will be a legal requirement. So, read on to find out about the role of KYC and AML in banking.
You can't complete KYC and AML checks without good quality, accurate data. The question then is, what checks to do and which providers to use?
Another risk management and compliance puzzle solved by PassFort. We work with Diginex to make its KYC and KYB processes easier and clearer to manage.
What does your KYC policy need and what should you consider in order to establish the most effective KYC policy for your organisation?
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?