Accuity Insights Blog

When financial institutions are threatened by increasing regulatory pressure, escalating fines for non-compliance, and the perils of reputational damage, they need to take action to strengthen their compliance and financial crime screening programmes.

Know Your Customer (KYC) due diligence still involves sifting through realms of unstructured data, using manual and repetitive methods; and this is something we are helping the industry overcome. By offering our unrivalled intelligence on global financial institutions via our new Bankers Almanac: KYC API, we aim to help financial institutions with large-scale KYC operations to be more effective, drive efficiency, and make the KYC process more sustainable.

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.

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.

At the latest Financial Action Task Force (FATF) meeting, 35 countries, the European Commission and the Gulf Co-operation Council urged the international body to improve understanding of money laundering risk related to cryptocurrencies. In light of this, Michael LaScola, Business Solution Specialist at Accuity, discusses some AML best practices for ICOs and why they should […]

As 2017 drew to a close, newspaper reports emerged in Singapore of charges filed against two real estate professionals, Kang Bee Leng, the managing director of Sterling Law Corporation, and Tan Yen Hsi, senior marketing director of CBRE Realty Associates[1]. The charges should send a shock wave through the real estate profession worldwide, as the […]

By Carolina Lessa, Director, Government Affairs – Latin America, RELX Successive corruption scandals coupled with a debilitating economic crisis have crippled and discredited Brazil. Every single day, there is news of yet another conviction, like the recent sentencing of former President Luiz Inacio Lula da Silva[1]. However, there is a positive story to be told that […]

The real estate sector was at the centre of several discussions this year, mainly related to the perceived lack of transparency and high exposure to money laundering risk. Various initiatives have subsequently been initiated by US, UK and Canadian regulators related to high property valuations in New York, Miami, London and Vancouver respectively, including investigations […]

With increasing regulatory pressure to perform greater amounts of due diligence on counterparties, it becomes even more important for KYC, or Know-Your-Customer, professionals to understand and address the day-to-day challenges within the industry. Industry reports are a great way for consumers to educate themselves on such matters. Industry reports offer an array of benefits for […]

The Future of Compliance in Africa was the theme of a roundtable discussion jointly convened by Ernest Honya, President of the Association of Certified Compliance Professionals in Africa (ACCPA), and Hugh Jones, President and CEO of Accuity. 19 people attended from organisations which included commercial banks, GIABA, central banks, FIUs and universities to discuss four […]

Round Table Discussion on the Future of Compliance in Africa Part 2 of 4 – How the notion of ‘PEP’ in Africa differs from that in the West The Future of Compliance in Africa was the theme of a roundtable discussion jointly convened by Ernest Honya, President of the Association of Certified Compliance Professionals in […]

Nina Kerkez, Senior Product Manager, KYC Solutions, and Patrick Hinchin, Senior Director, Product Management at Accuity tell FX-MM why the market is likely to move away from know-your-customer (KYC) utilities and embrace data and technology solutions to meet regulatory requirements and generate revenue. Download the full article here.