Category: Regulatory & Compliance
Opinion: House Anti-Money Laundering Bill Reform Threatened as Beneficial Ownership Registry Creation Tabled
The world of anti-money laundering beneficial ownership regulations has seen its ups and downs as of late. As of May 11 when the Financial Crime Enforcement Center (FinCEN) issued its “Customer Due Diligence Requirements for...
Meeting the Requirements of the SWIFT Customer Security Programme
With the January deadline for self-attestation to the SWIFT Customer Security Programme (CSP) in the rear view mirror, members of the Swift community find themselves at various levels of compliance. On the whole, many organisations...
Choosing the Right Anti-Money Laundering Provider: Getting the Answers You Need to Make a Smart Choice
A lot of change is affecting the banking industry, which is always followed by new and tougher regulations, often related to anti-money laundering. In January alone a regulation was discussed by the Senate regarding a...
Choosing the Right Anti-Money Laundering Software: 3 Things to Think About
Updating your anti-money laundering system might seem like a daunting task, but there’s no better time than now for organizations to evaluate their security protections. Between rising costs, new legislation and new technologies, the likelihood...
Don’t Go Digital Without Understanding the New Business Account Opening Regulations
Despite being well into the 21st century, many small business account openings still occur in the branch. Now that digital account opening is taking hold with consumers, financial institutions are trying to offer a fast...
Everything You Need to Know About SWIFT’s CSP & How to Prepare
You’ve got enough on your plate making sure your environment is adequately protected against further attacks, so here is a brief, common sense explanation of the most important things you need to know about the...