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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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Robot hands typing on a laptop
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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Fircosoft - Accuity - Watchlist filtering and trade compliance solutions
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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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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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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Singapore Skyline Marina Bay
3 August 2018 - Accuity Insights

Real Estate Spotlight Series: Addressing financial crime concerns for DNFBPs in Singapore and Hong Kong

In March 2018, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) extended its AML and counter-terrorism financing regulation to include Designated Non-Financial Businesses and Professions (DNFBPs), as defined by the Financial Action Task Force (FATF).
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