Know Your Business (KYB) is a critical aspect of compliance in the regulated payments sector. Ensuring data accuracy is paramount, as it directly impacts the ability to meet regulatory requirements, mitigate risks, and maintain trust with stakeholders. The process involves … Read More
Author Archives: Natalie Davies
5 key AML strategies for investment management firms
With the value of global assets growing rapidly and criminals looking to exploit every avenue to funnel dirty money, investment managers today face both evolving financial crime risks and increased regulatory scrutiny. The wealth and investment management industry is fraught … Read More
Should you build or buy a compliance solution?
As the regulatory environment for the lending industry in the UK becomes increasingly stringent, Know Your Business Anti-Money Laundering (AML) compliance has emerged as a critical concern for businesses across the sector. Given the importance of staying compliant and the … Read More
Striking the right balance: Streamlining AML compliance and onboarding efficiency
In the regulated investment management industry in the UK, anti-money laundering (AML) compliance is not merely a legal obligation but a strategic opportunity to improve customer experience and boost efficiency. And yet, compliance teams within these firms face a daunting … Read More
What is the significance of risk appetite in a risk-based approach?
As the ongoing battle to combat soaring levels of financial crime in the wider financial ecosystem continues to wage, it is important for firms to ensure appropriate levels of due diligence are applied during the client onboarding process, especially when … Read More
Making better, faster KYB compliance decisions in the legal sector
For regulated legal firms in the UK, ensuring robust Know Your Business (KYB) compliance is paramount. The regulatory landscape is increasingly complex, with stringent requirements designed to prevent fraud, money laundering, and other financial crimes and, as a result, compliance … Read More
Overcoming the challenges of fragmented KYB
Mounting regulatory pressure and heightened customer expectations are prompting firms to turn to KYB tools in pursuit of seamless onboarding and robust AML compliance. However, the multi-phased nature of KYB has, in some cases, encouraged a piecemeal approach to process … Read More
6 time-saving tips for KYB compliance in legal firms
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
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