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Accuity Insights

Accuity Opens New Frankfurt Office

Accuity, the leading global provider of Payments, KYC, Risk and Compliance solutions, has just opened a new office in Frankfurt to serve its rapidly expanding client base in the Deutschland, Austria & Switzerland region. The team is led by Regional Director Thilo Schreyer and will focus on servicing existing client accounts, as well as developing new […]
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Accuity Insights

The Risks Posing the Greatest Threat to Financial Institutions

In an article published by The Asset, Hugh Jones, Accuity’s President and CEO, asserts that there are two major risks which keep senior executives of financial institutions awake at night: the threat of a criminal hack and the discovery of a serious breach of law or industry regulations at their firm. While the former could be […]
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Accuity Insights

Faster Payments: Making Real Time a Reality

What’s the really hot topic at all the payments conferences at the moment? Faster payments. It is the topic of conversation everywhere and some countries are doing more than just talking– they are making moves to turn it into a reality. The UK has the Faster Payments service, Singapore has G3 and Australia the New […]
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Accuity Insights

The AML and Racketeering Case Against FIFA Continues to Build

In May 2015, fourteen people from the Fédération Internationale de Football Association (FIFA) were indicted following a wire fraud, racketeering and money-laundering investigation led by the US Federal Bureau of Investigation (FBI) and the US Internal Revenue Services, Criminal Investigation Division (IRS-CI). On Monday, September 14, 2015, US Attorney General Loretta Lynch and her Swiss […]
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Accuity Insights

Caesars Palace Fined for Breaching AML Regulations

It has been widely reported that Caesars Entertainment Corp. has been fined a total $9.5 million dollars for its failure to enforce anti-money laundering controls at its Las Vegas casino, Caesars Palace. The casino company admitted to openly permitting wealthy customers to gamble anonymously in private rooms at the casino and also confessed it had repeatedly […]
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Accuity Insights

Identity Matching: the Need for Ongoing Investment in Technology

In the 20 years that electronic identity matching has been in existence, there has been a massive increase in demand and a massive amount of change. And that’s by no means the end of it. Demand will continue to grow and changes will keep happening. Financial institutions need to be ready for any changes and […]
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Accuity Insights

UK Business Secretary Reviews AML Complexity

It was recently reported by the Financial Times that many companies and banks in the UK had lodged complaints to ministers regarding anti-money laundering rules. These complaints claim that the rules that are intended to keep dirty money out of the UK impose excessive extra costs and time burdens on innocent companies and individuals. As […]
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Accuity Insights

FinCEN Proposes New AML Regulations for Private Funds and Investment Advisors

The Financial Crimes Enforcement Network (FinCEN) has proposed a new rule regarding anti-money laundering regulations for private funds and investment advisors. The new rule would require certain investment advisors to establish AML programs and report suspicious activity to FinCEN. The proposed regulations recommend the inclusion of ‘investment advisors’ in the general definition of ‘financial institution’. […]
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Accuity Insights

Identity Matching: Complex Sanctions Mean Complex Solutions

Not only has the sanctions landscape become much more volatile, it has also increased in complexity. This has necessitated financial institutions to implement more sophisticated screening solutions to handle the complexities. When sanctions were first enacted in the nineties, they were applied to whole countries, such as Cuba. However, the situation moved from whole country […]
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Accuity Insights

New Indian Payments Rules for Corporations

Corporate Treasurer has reported that in India, corporations are now allowed to conduct banking activities to enable them to target individuals without bank accounts. Henry Balani, Accuity’s Head of Innovation, observes that the responsibility being placed upon corporate treasurers will increase significantly as a result of the additional compliance issues and operational requirements which will undoubtedly emerge from the […]
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