The market for financial products that teach kids about budgeting, saving and spending has opened up massively. So, how does KYC for these types of digital financial services work? Let's take a look...
When a Central Bank digital currency is launched in Europe, merchants will want to accept it. The transition will be about planning for new regulation as much as adapting to the new technology.
Management of KYC processes continues to evolve to deal with changing threats and to leverage new regtech. Now, firms are moving to a perpetual KYC model, but what is perpetual KYC and how is it different?
PEP stands for politically exposed person. But what makes someone politically exposed and why is it significant when they are identified as a PEP?
As the UK government announces plans for the country to become a global crypto asset technology hub, the Bank of England has started making plans for the UK’s first crypto asset regulatory framework. So, what do these plans involve?
Reports of fraud increase year on year. Fines for non-compliance with AML regulations are growing. What does this teach the industry about how it is dealing with financial crime? Are new approaches that rely on automation enough?
Understanding corporate structures and identifying the ultimate beneficial owners of businesses you work with guards against geopolitical risk, including sanctions placed on companies and individuals in your network.
The Economic Crime Act, which became UK law in March 2022, is designed to create more transparency in the ultimate ownership of overseas entities to prevent financial crimes such as money laundering.
KYB checks are so important when onboarding corporate clients. They help you understand the people behind the operation. Here's a brief rundown on the essentials of KYB, UBOs and corporate onboarding.
As sanctions against Russia ramp up in response to the military conflict in Ukraine, firms must ensure they comply with the rules quickly and efficiently.
Challenger banks and neobanks have arguably led the way with convenient, customer-friendly onboarding. So, how can innovation in the Know Your Customer space help firms stand out in a busy marketplace?