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When the Dashboard Makes the Difference

Compliance: Why the Big Picture Matters

Negotiating financial regulations can feel like walking a tightrope. For financial service businesses, including banks and credit unions, effective compliance requires an understanding of regulations in minute detail and a sound grasp of the importance of the rationale behind them.

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KYC: Effective shouldn’t be expensive

KYC (Know Your Customer) can be cumbersome and expensive. The onboarding  process, with multiple checks, can consume vast amounts of time and resources. Often it seems like a burden, which is frustrating for a such an essential process. Typically, challenges

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From Compromised Emails to Pig Butchering – Catching Fraud in the Digital World

To accompany the Global Fraud Summit in London in March this year, Interpol has shared a snapshot of the range of fraud-based financial crime. Offences fit into six broad types. The four most common are investment fraud, advance payment fraud, romance fraud, and business email...

Keeping the Knowing in KYC

Go to the gym, and flexibility is all the rage. It makes everything easier and more effective. For financial services businesses, it does the same, especially if it indicates a responsive approach to regulation updates and changing risks. This holy grail of a responsive, efficient,...

Compliance: This Time It’s for Real

Global trade has matured. Complex contracts facilitate the cross border flow of goods and services – and more than we’d wish, criminal activity too. As financial transactions become more sophisticated, so do the opportunities for criminals to exploit them for money laundering, terrorist financing, and...

The Long Reach of European Regulation

The European Union (EU) has a habit of regulating in ways which extend beyond its own borders. This is not just a testament to its commercial and trading reach, but also to the thoroughness of its regulatory frameworks. The EU’s General Data Protection Regulations (GDPR),...

When is KYC not KYC?

The world of financial services is a classic example of an environment where we seek clarity and simplicity, but seem plagued by ever more complex systems and regulation. That this is at least in part due to criminal activity comes as no surprise. Thus, many...

How to comply, without compliance being a burden

The financial services sector is no stranger to regulation. And when it comes to compliance, eyes sometimes roll at the steadily growing burden. This is especially true around anti-money laundering (AML) measures, which have become a significant concern for banks and credit unions worldwide. With...