All posts tagged "Onboarding"
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77AML / KYCDigital ID Perceived As Beneficial in Combatting Financial Crime
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
April 15, 2021 -
38AML / KYCChina: CFCA Starts to Embed LEIs in Digital Certificates
The China Financial Certification Authority has also become the first certification authority to become a validation agent in the Global LEI System.
April 15, 2021 -
161AML / KYC
GLEIF Sets Out Process for Validation Agent Trial Phase
The goal of the Validation Agent role is to streamline the LEI issuance process by enabling FIs to directly liaise with LEI Issuers on clients’ behalf during onboarding.
March 7, 2021 -
369AML / KYCFATF Releases Draft Guidance on Proliferation Financing Risk
The FATF is seeking feedback on the guidance from financial institutions and DNFBPs and will revise the text ahead of June 2021 discussions.
March 2, 2021 -
192AML / KYC
GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI
The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.
February 12, 2021 -
122AML / KYCIndia’s NPCI Launches Payment Authorisation Tech Challenge
Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.
February 11, 2021 -
184Asia-PacificSEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
February 8, 2021 -
347AML / KYCBSP Highlights AML Risks of Cash, Cross-Border Payments
Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.
January 25, 2021 -
697AML / KYCFinancial Crime 2021: Digital ID, Due Diligence, Sanctions
Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.
January 21, 2021 -
859AML / KYCHong Kong Launches New Digital Identity Platform ‘iAM Smart’
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
January 2, 2021
