The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023The first guidance document covers enhanced customer due diligence procedures. The second covers the measures for screening employees and training them on ML/TF risks.
November 4, 2022New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.
May 12, 2022Oracle provides real-time customer onboarding, continuous monitoring, built-in watchlist screening, KYC risk assessment and scoring, case investigation, CDD and EDD.
December 10, 2021Exiger's DDIQ solution enables firms to identify, validate and analyse risk indicators globally at high speed and at scale.
December 10, 2021Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.
December 2, 2021The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.
June 21, 2021The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.
March 14, 2021New report details case studies and insights from banks that have implemented technologies to enhance the efficiency and effectiveness of their AML/CFT efforts.
January 22, 2021Dow Jones Risk & Compliance offers comprehensive screening for PEPs, sanctions risk, and adverse media, allowing for integration with existing workflows and providing certainty on risk.
December 16, 2020