When considering onboarding processes, there can sometimes be confusion between KYC and CDD because the terms are so closely linked. Simply put, KYC (Know Your Customer) checks tend to refer to those carried out at the beginning of a relationship, to initially establish and verify the identity of the subject you are onboarding. CDD (Customer Due Diligence), on the other hand, refers to the ongoing process of retaining confidence in the data you have collected, making any changes and identifying any issues that may be suspicious, and may require further investigation. … Read More
Author Archives: Chris Bourne
NorthRow brochure
NorthRow significantly reduces the administrative overheads associated with regulatory requirements, providing the ability to add workflows, automation and application integration to your processes. … Read More
The Future of Compliance: Digital Transformation Meets Regulation
Digital transformation is driven by growth opportunities, followed by increased competitive pressure and new regulatory standards. Digital Transformation (DT) is nothing new; it’s an industry in itself that has become diluted to a point where it has virtually lost its … Read More
What Can We Learn about Money Laundering from Ozark?
Popular fictional Netflix drama, Ozark depicts the dramatic shift in the career of Marty Byrde. From family friendly, but disengaged Financial Advisor to, at one point, being the Acting Head of the second largest drug cartel in Mexico. Marty and … Read More