Tag: due diligence

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Flagright recently detailed how financial industry companies can manage third-party risks in compliance solutions.

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies.

RegTech startup Naq, an automated data compliance and due diligence platform, has secured $1.5m in its seed funding round.

Customer risk assessments are a vital part of AML and KYC processes. Flagright, an all-in-one AML compliance system, has outlined the best practices of an assessment process.

Adverse media is becoming increasingly important to compliance processes. With so much to check, Sigma Ratings has posed the question of whether Google search strings can make things easier.

 HyperComply, which automates security reviews and accelerates due diligence, has closed its seed round on $6.4m.

 KYC and client lifecycle management (CLM) solution developer Fenergo has acquired Sentinels, which builds AI-powered AML and transaction monitoring platform. The size of the acquisition...

Intelligo, an AI-powered background risk intelligence platform for investment due diligence, has collected $22m in growth funding.

To ensure financial institutions understand the risks of doing businesses around the world, having a due diligence and adverse media screening tool that understands Portuguese is vital.