AML and Modern Slavery

Anti money laundering is important for many reasons but crucial is that dirty money is usually generated from ‘dirty’ economic activities. The underlying reason for many ‘financial economic crime…


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Compliance training, time and the law

Every year, compliance training costs organisations hundreds of hours in lost productivity. As regulations and fines for breaches continue to grow, so does the volume of training that staff are…


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New Course Release – Cybersecurity

  i-KYC is proud to collaborate with GRC Solutions.Through this partnership we are widening the range of eLearnings availalble. The Cybersecurity course is already available on our platform…


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How Hard is Negative News Screening?

Negative News Screening (NNS) or what used to be called Adverse Media Screening or Bad Press Searches is an important part of Customer Due Diligence (CDD). Facts are key in CDD and what is written…


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Observations from the MAS on name screening practices in midsized and small FIs

MAS recently published this report < https://www.mas.gov.sg/-/media/MAS-Media-Library/publications/monographs-or-information-paper/IMD/2022/Strengthening-AML-CFT-Name-Screening-Practices.pdf >…


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Russia sanctions are on the front page but there is more

The war that Russia wages on Ukraine is on top of the news and as a consequence the world of compliance is focusing on the sanctions imposed on Russia. Rightly so, because that’s where new rules and…


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Financial Warfare

The traditional way nations settle disputes with each other when diplomatic efforts fail is to mobilise their armies and fight it out. While, sadly, this is still far too often the conflict…


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Sanctions: a matter of going up and down the escalation ladder

Economic sanctions are political instruments applied by the international community or individual countries to adjust or punish the acts of a government, a group of persons, entities or individuals.…


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Exit 2021, Welcome 2022!

The rock band Queen would say, “Another one bites the dust”. 2021 is heading for the exit and we look forward to what the new year will bring. The i-KYC team takes this opportunity to salute our…


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Ruminations on RegTech and Data Quality

Browsing for a topic for our last TrendLetter of 2021 I came across this article, https://www.cclcompliance.co.uk/knowledge-centre/post/regtech-what-has-it-ever-done-for-us We’re a few years further…


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2021 Q3 Trend Letter

This quarter the i-KYC Trend Letter sheds light on several interesting topics related to the prevention of financial crime. Our guest contributor this time is Pierre Simon, Principal Consultant at…


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Why good organisations sometimes do bad things

According to the UNODC, about 70% of all criminal money flows through the financial sector, making it by far the biggest institutional conduit for money laundering. So, it will come as no surprise…


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