Accuity Insights Blog
7 December 2018 - Accuity Insights
Don’t Let Bad Data Be the Wolf in Sheep’s Clothing of Your Payment Solution
This article was originally published in Paymentsjournal. In the competitive world of FinTech, data and APIs that sit behind your applications can have just as much, if not more, of an impact on a user’s experience than the overall look and feel of the site or app they’re visiting. Not to discount a really good, intuitive user […]
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22 November 2018 - Accuity Insights
Naughty or nice? The impact of Black Friday on financial crime screening
While consumers look forward to a weeklong frenzy of shopping around Black Friday, banks and payment service providers (PSPs) brace for a strain on payment systems and an influx of fraud and criminal activity.
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7 November 2018 - Accuity Insights
How is Iceland solving the PEP problem?
The Ministry of Justice in Iceland has been preparing a new Anti-Money Laundering bill to submit to Parliament, which is expected to be approved before the end of 2018.
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23 October 2018 - Accuity Insights
A new era for sanctions screening
Regulators are getting serious about the quality of sanctions screening programmes. Institutions around the world need to be prepared, advises Sophie Lagouanelle, Head of Solutions at Accuity.
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22 October 2018 - Accuity Insights
Can fully automated KYC become a reality?
Banks desperately need to meet compliance requirements without slowing down transactions or damaging customer relationships, but KYC screening still involves sorting through huge amounts of unstructured data, using manual and repetitive processes.
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8 October 2018 - Accuity Insights
FinCEN Customer Due Diligence Rule: the challenge of increasing transparency
The identification of legal entities’ beneficial owners has been part of FATF Recommendations since 2003. It is a cornerstone of Customer Due Diligence measures for the international standard setter in the field of anti-money laundering and counter-terrorism financing (AML-CTF) matters. The latest Financial Crimes Enforcement Network (FinCEN) rule on Customer Due Diligence (CDD Rule) is […]
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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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5 September 2018 - Accuity Insights
Freight expectations: how is the US clamping down on export compliance?
The freight forwarding industry is a vital component in the facilitation of global trade. Freight forwarders play a key role in the export of goods overseas and, despite having to act on the instructions of another party, they must ensure they have robust processes in place to prevent the transportation of dangerous or dual-use goods […]
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23 August 2018 - Accuity Insights
What has led to the 5th AML Directive? The key points to note about the new regulation
London, UK -
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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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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