KYC
17 September 2018 - Resource

What are the greatest challenges of financial counterparty KYC?

We spoke to over 100 banks, financial institutions, corporates, and government and regulatory bodies across all regions to get deeper insight into their pain points in conducting financial counterparty KYC.
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Blockchain
17 September 2018 - Accuity Insights

Blockchain in practice – a present for the future of the financial industry

Blockchain is best known, for now at least, as the technology that underpins Bitcoin and other virtual currencies. It is ironic, then, that the uncertainty and lack of regulation around virtual currencies risks tainting the reputation of blockchain, as the technology has enormous potential to transform full parts of economy and society, from helping the […]
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KYC
17 September 2018 - Press release

Banks turn to technology innovation, as global regulation continues to increase KYC complexity

- The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation.
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KYC
17 September 2018 - Resource

Shifting Regulatory Requirements and a Spotlight on Ownership

The findings in this report are intended to give banking professionals insight into the current landscape of financial counterparty KYC.
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Gavel on book
23 August 2018 - Accuity Insights

What has led to the 5th AML Directive? The key points to note about the new regulation

- Over the past 30 years, the financial industry has faced many challenges and regulatory changes. With the recent announcement to adopt the 5AMLD, how could this affect your organisation?  Pressure and Pace – the European regulatory landscape Over the past 30 years, the financial industry has faced many challenges, through new regulations, changing sociocultural opinions […]
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Bankers Almanac Risk & Compliance - KYC
23 August 2018 - Resource

Ultimate Beneficial Ownership (UBO) & Regulatory Views Infographic

With increased regulatory pressure to Know Your Customer (KYC), organisations face the challenge of ensuring their processes are consistently compliant with requirements. In order to create robust KYC processes, comprehensive data is needed to support organisations in obtaining information on their counterparties that can help to protect them against potential risk. View our Bankers Almanac: […]
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Security
23 August 2018 - Resource

Ultimate Beneficial Ownership (UBO) & Regulatory Views Fact Sheet

Are your KYC processes up to the task? In the current compliance landscape, it is essential to Know Your Counterparty (KYC) to mitigate risk. One of the challenges organisations face today is the difficulty and time-consuming process of collating information and intelligence on their customers/prospects. Download our Bankers Almanac: Ultimate Beneficial Ownership and Regulatory Views […]
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Global blockchain
7 August 2018 - Accuity Insights

Building robust regulations for virtual currencies

On 7 January 2018, the value (in terms of market capitalisation) of virtual currencies globally hit a high point of just over $800 billion – that’s equivalent to 7% of the liquid money supply in the US and Eurozone combined. For all the concern and skepticism expressed about virtual currencies, what is clear is that […]
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3 May 2018 - Accuity Insights

Real Estate Spotlight Series: How US cities are fighting money launderers

The purchase of expensive, high-end residential properties through opaque corporate structures in some US cities, notably New York and Miami, had been an issue of growing comment and concern, not least because the trend was pushing property prices in the cities up sharply. The Miami Herald was among the local newspapers that spent years trying […]
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2 March 2018 - Accuity Insights

Real Estate Spotlight Series: Tackling money laundering in Canada

The suspicion that runaway property prices in major Canadian cities are driven, at least in part, by illicit international investment won’t go away. According to a report by Transparency International, almost half of the most valuable residences in Greater Vancouver area are held through corporate structures that hide their ultimate owner, including a third that […]
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