Regulation

Aml And Kyc Tool, PEP, Sanction Screening

Sanctions and PEP screening in the KYC process

Bribery, theft, lost opportunities: the threats posed by corrupt politicians to communities are immense. In parallel, inadvertently facilitating the laundering of illegally-acquired funds is also a major threat for financial or virtual asset service providers. By implementing ongoing sanctions lists and PEP data screenings in their KYC process, businesses can lower their risk of regulatory fines – and help fight a serious global problem.

20 Jan 2022

AML, Regulation

Most Common Reporting Mistakes in KYC / AML Compliance

With the demand on compliance teams growing by the day, it’s no easy task for many smaller financial institutions and VASPs to keep up with the demands of global regulatory authorities. For this first article of 2022, we’ll be focusing on some of the major reporting mistakes human compliance teams can make – and how automated KYC can improve the process.

4 Jan 2022

Compliance Software, Regulation

The FATF announces updated VASP guidance

At the end of February the Financial Action Task Force (FATF) outlined a range of new measures and updates aimed at strengthening its Strategic Initiatives, with particular attention paid to VASPs.

11 Mar 2021

Kyc Solution, RegTech, Regulation, Travel Rule

2020 Travel Rule Development Review

Arguably one of the biggest drivers of innovation in the regtech industry has been the movement to accelerate adoption of the FATF’s Recommendation 16 – commonly referred to as the Travel Rule. That expansion has sparked a wide range of new developments, initiatives and solutions, which we cover in this article.

30 Dec 2020

Compliance, Cryptocurrency, FATF, Regulation, Travel Rule

FATF Travel Rule for VASPs: Challenges and Next Steps

In June 2019, the Financial Action Task Force (FATF) updated its Travel Rule to include VASPs. A year on, VASPs and national regulators still face many challenges in implementing the Recommendation. However, positive steps have been taken to help bring the growing sector into the regulatory fold of the broader financial industry.

18 Sep 2020

Compliance, Data Protection, GDPR, Regulation

The Biggest GDPR Fines to Date

Since GDPR came into effect, fines for non-compliance are becoming more and more common. Here’s an updated list of the largest fines so far.

9 Mar 2020

Compliance, Europe, GDPR, Regulation

What is a Data Protection Officer?

With the advent of GDPR, having a data protection officer is now required by law for many companies. Here’s all you need to know.

30 Oct 2019

Compliance, Europe, Privacy, Regulation

New European Privacy Laws

All of us have a deeply ingrained need for privacy. The notion that every aspect of our lives should be subject to public scrutiny is appalling to most of us. We need time and space to exist on our own.

3 Jul 2019