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Sanctions & Beneficial Ownership: Why Automating KYC Processes Is More Critical Than Ever
The recent surge of sanctions against individuals, companies and government entities in response to Russia’s invasion of Ukraine has created extraordinary pressures on financial institutions worldwide to re-examine and re-engineer their Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to make them more…
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How innovation is helping organizations navigate complexities of Capital Markets AML
Join Andrea Walser, @Sheryl_Wharff and @Manish_Gupta for a short Fireside Chat session where they discuss evolution of transaction monitoring landscape and how contextual monitoring and advanced technologies can help organizations in enhancing their capital markets AML controls. You can also read our Anti-Money Laundering…
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How Contextual Monitoring is a game changer for Correspondent Banking AML
Join @Marta_Chowaniak and @Brian_Ferro for a short Fireside Chat session to learn more about Correspondent Banking and how next generation monitoring can help: Overarching topic: What can institutions do to improve their AML monitoring capabilities in the Correspondent Banking space. Can leveraging Entity Resolution and…
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KYC Forecast: Re-defining know your customer
Do you agree that the traditional know your customer, or KYC, process is changing? In this report, 1LOD is looking at how the core customer due diligence (CDD) and enhanced due diligence (EDD) processes – which are based on periodic snapshots of client data, driven by specific regulations – will need to provide a more…
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Anti-Money Laundering in Capital Markets: Time to Embrace Innovation
Detecting money laundering risk in capital markets is a challenge which the industry has long struggled to effectively overcome. It is clear that the traditional rule-based transaction monitoring systems are not working and capital market firms need to adopt new technologies and approaches to stamp out money laundering.…
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ACAMS Europe - still time to register for the roundtable next week
With just a few days to go, it promises to be another great conference with a lot of focus on topics including sanctions circumvention, shell company detection, UBO intelligence and how to make the best use of your technology and resource investment to help meet these challenges - now and in the future. These topics and…
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Entity Resolution as the Secret Ingredient to transforming risk and compliance with Perpetual KYC
Join us for a short Fireside Chat session addressing some fundamental questions about the importance of ER as part of a pKYC transformation: Overarching topic: How to cut through the noise of event detection and maximizing pKYC?Leveraging Entity Resolution to drive efficiencies and effectiveness in KYC operations Step 1:…
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Transforming Risk and Compliance with Perpetual KYC: Entity Resolution as the Secret Ingredient
In recent years, how to transform Know Your Customer (KYC) processes has been a hot topic of discussion. There is a growing interest in finding ways to reduce costs whilst maintaining a strong awareness of customer risk and a stellar customer experience. Advanced solutions have emerged in in the form of perpetual or…
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Data Quality is STILL a fundamentally unsolved issue!
Having met a couple of customers in the banking sector this week in South East Asia, a real pain that have been constantly shared was data quality. That's due to incomplete information, inconsistency, lack of standardized entries and so on. Issues that we all probably know of. Not that's a surprise of any sort, but the…
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Network Analysis of ICIJ data shows how to stop Russian oligarchs in their tracks
I thought this was really cool and wanted to share. Complex systems of secrecy: the offshore networks of oligarchs: and to really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests, read more here: