Accuity Insights Blog

  • Filter Results by Topic

  • Filter Results by Brand

  • Clear

6 December 2016 - Accuity Insights

Real estate and money laundering – spotlight on Canada

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 […]
Find out more
1 November 2016 - Accuity Insights

The need for speed: Accuity solutions improve mBank’s delivery to customers

With many financial institutions still using labourious and time consuming manual processes for managing payments, automation systems and smart solutions are a hot topic. Globalization has enhanced the need for cross-border/cross-currency payments, and a rise in technical capabilities means that your customers now also have higher expectations for the speed, efficiency, and simplicity of payments […]
Find out more
26 September 2016 - Accuity Insights

2016 SIBOS Insights by Accuity

SIBOS Insights brought to you by Accuity.   Stay tuned for the latest interviews and thoughts from #SIBOS 2016:
Find out more
6 September 2016 - Accuity Insights

Achieving SSO goals needs robust data and sound MDM process

  Corporations are under constant pressure to improve the operational efficiency of their Accounts Payable (AP) function and optimise cost. Establishing a Shared Services Operations (SSO) centre that caters to multiple business entities helps them to alleviate some of this pressure. The AP function in a SSO centre can often accomplish more tasks with fewer […]
Find out more
2 September 2016 - Accuity Insights

US Dollar dominance: Why this matters to your anti-money laundering policy anywhere your bank is located in the world

The US dollar continues to dominate world markets, with 87% of all worldwide foreign exchange[1] transactions involving the US dollar (USD). According to SWIFT[2], more than 80% of trade finance was conducted in USD in 2013. In the same period[3], the Chinese RMB accounted for 8.7% of world trade while the Euro accounted for 6.6%. […]
Find out more
10 August 2016 - Accuity Insights

Why financial institutions based in Africa should have robust compliance systems in place

Alfred Pobi, Key Account Manager at Accuity, presented on the challenges facing African banks and the importance of having the right Anti Money Laundering (AML) system in place within those banks during the GIABA Commission (Inter-Governmental Action Group against Money Laundering in West Africa) at Praia, Cape Verde where 17 countries from Africa were represented. […]
Find out more
2 August 2016 - Accuity Insights

Worldwide Implications of New York AML Regulations

The New York Department of Financial Services (NYDFS) released new Anti-Money Laundering (AML) requirements effective April 15, 2017. These aim to close gaps in the battle against money laundering through drug trafficking, human trafficking, terrorism, and similar illicit activities. While the NYDFS is tasked with overseeing the regulations of different types of institutions in New […]
Find out more
29 July 2016 - Accuity Insights

KYC Industry: The Benefits of Industry Reports

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 […]
Find out more
27 July 2016 - Accuity Insights

Will Hong Kong’s crackdown on money laundering harm the economy?

The announcement in June by Hong Kong’s securities regulators related to the spike in breaches of the Anti-Money Laundering (AML) rule is provoking discussions in the regional financial community as to how these crackdowns impact Hong Kong’s future economic growth. As it stands, the IMF recently cut Hong Kong’s economic growth forecast from 2.7% to […]
Find out more
21 July 2016 - Accuity Insights

A Growing Threat: Are large global corporations safe from cross border payments fraud and errors?

In February 2016, the Bangladesh bank heist sent a massive wave of anxiety through the world’s commercial banking sector. The industry continues to ponder how this could have happened to the banking network when it is protected by highly sophisticated procedures and systems to manage their complex web of global payments. In March 2015 another […]
Find out more