All posts tagged "sanctions screening"
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9.6KAML / KYCCrypto to Become One of the ‘Safest Environments Ever’
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021 -
276AML / KYCCovid-19 Forced Companies to Short-cut KYC, Due Diligence
A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021 -
326AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021 -
373FeatureSWIFT’s Enhanced Platform Endorsed by Six Global Banks
Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021 -
196AML / KYCFinancial Crime Compliance Costs to Reach $213.9bn for 2021
KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.
June 12, 2021 -
718AML / KYCAddressing Sanctions Risk in Maritime Trade
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
June 2, 2021 -
926AML / KYC
Proliferation Financing Risk: A Due Diligence Challenge
Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
May 19, 2021 -
914AML / KYCStress Testing Your Sanctions Screening Effectiveness
Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems.
March 18, 2021 -
582International
SWIFT to Launch Enhanced Platform in November 2022
The first release of the enhanced platform will go live in November 2022, supporting MT messaging and ISO 20022, while also allowing connections via APIs.
March 14, 2021 -
739AML / KYC
FATF Releases Draft Guidance on Proliferation Financing Risk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
