Tag Archive: kyc

Could sharing information across banks be the future for compliance?

There is no doubt that the latest technologies for regulatory compliance remain a complex issue for banks because with the ever-growing and changing regulations aimed at anti-money laundering (AML) and Know Your Customer (KYC) compliance, large banks may just find… Read more >

U.S. Compliance Laws Need to Strengthen

Money laundering is a major problem rising within the United States and the current laws are just not enough to be effective in preventing this issue.  Recently, Senator Elizabeth Warren put her support on the Senate floor for stricter anti-money… Read more >

2017 Compliance Trends

From 2008 to 2016, Foreign Corrupt Practices Act (FCPA) fines have increased tremendously from $890 million to $2.48 billion in 2016.  Although 2017 showed a slight decrease with the total in fines only reaching $1.92 billion to resolve FCPA cases,… Read more >

Britain Announces World’s First Public Register to Fight Money Laundering

In order to fight money laundering within the British property market, Britain’s Department for Business, Energy and Industrial Strategy introduced the world’s first public register that requires overseas companies which own or have the ability to buy property within the… Read more >