Know Your Business (KYB) compliance is essential for legal firms operating in the UK, but the burden of ensuring thorough due diligence while maintaining efficiency can be significant. To help navigate these challenges, here are 6 handy time-saving tips for … Read More
Author Archives: Natalie Davies
Increasing time to value from your KYB software provider to achieve your growth plans
In the regulated lending sector, the pressure to meet compliance standards while driving business growth is significant. Know Your Business (KYB) processes are essential, ensuring that your firm understands the entities it is dealing with, that you adhere to regulatory … Read More
Global KYB compliance at a glance: Streamlining your due diligence process
In the highly regulated lending industry, compliance with Know Your Business (KYB) requirements is both a legal necessity and a strategic imperative. For senior compliance professionals in regulated lending firms, the challenge lies in balancing stringent regulatory requirements with an … Read More
How to unravel complex corporate structures and unveil the truth behind international entities
In the highly regulated UK lending industry, the ability to understand and unravel complex corporate structures is crucial. Compliance teams are often tasked with the monumental job of ensuring that they fully understand the ownership and control structure of their … Read More
How single-solution KYB can simplify compliance and enhance efficiency in payments firms
As money laundering and fraud threats continue to evolve, regulated payments firms in the UK face growing pressure to enhance their compliance frameworks. This is particularly pertinent for risk and compliance leaders who are at the frontline of ensuring their … Read More
How to navigate KYB challenges in payments firms from the C-Suite
Navigating the complexities of Know Your Business (KYB) regulations is one of the most critical tasks for C-suite executives in regulated payments firms. As the regulatory landscape evolves, executives must stay ahead of compliance requirements while fostering a business environment … Read More
How to reduce KYB customer friction in lending and accelerate loan approval
Know Your Business (KYB) processes are crucial for lending firms, particularly in a heavily regulated market like the UK. Ensuring that businesses seeking loans are legitimate and financially sound is not only a regulatory requirement but also a fundamental step … Read More
6 ways to continuously improve your KYB compliance processes
Maintaining a comprehensive Know Your Business (KYB) process is essential to ensuring ongoing compliance and mitigating any undue risk associated with financial crime, such as money laundering and terrorist financing from impacting your legal firm. Being proactive in your firm’s … Read More
How to mitigate KYB risks in your legal firm: practical strategies for compliance teams
In today’s legal landscape, compliance with Know Your Business (KYB) regulations is not just a statutory requirement but a strategic imperative. KYB measures are crucial in ensuring that legal firms engage only with legitimate entities, thus preventing fraud, money laundering, … Read More
How to streamline KYB onboarding and ongoing risk assessment in lending firms
In the highly regulated UK lending market, effective Know Your Business (KYB) procedures are crucial for mitigating risk and ensuring compliance. However, lending firms often face significant challenges in KYB onboarding, which can complicate and delay the loan approval process. … Read More