Tag: KYC

Financial institutions often fall prey to money launderers who exploit these platforms to funnel, mask, transfer, and cleanse ill-gotten gains. This doesn’t just endanger...

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing economies, it offers a platform for banks to provide services on behalf of other financial institutions, typically situated in diverse countries. This extends to executing transactions, overseeing wire transfers, and collecting crucial documents.

In a recent post by RegTech firm Encompass Corporation, it provided an outline of why the cost of inefficient KYC practices can be higher than expected. 

The digital transformation of KYC activity has offered asset managers create more efficient onboarding processes in a market with increasing demands to manage risk.

Money Service Businesses (MSBs) have emerged as a crucial part of the financial ecosystem, bridging a gap that once only traditional banks would fill.

In a recent post by Moody's Analytics, the firm asked three key questions about driving efficiency with AI-powered screening.

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions. Moody's Analytics recently delved into how AI will transform risk management and know your customer (KYC) compliance.

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm.