Nominated AML Officer
September 21, 2018
In the UK, HM Revenue & Customs regulations stipulate that “businesses that are regulated by the Money Laundering Regulations must appoint what is known as a ‘nominated officer’. The nominated…
Trendletter 2018 Q2
August 24, 2018
Major developments in the field of money laundering prevention, financing of terrorism and other business integrity topics continued to feature in the news during the past quarter. Despite all the…
Do you know your FEC risks?
June 26, 2018
This recent article proves again how important it is for any financial institution to comply with regulations. Every institution needs to do everything reasonably possible to ensure that for every…
Get a grip on Enhanced Due Diligence
June 20, 2018
For most regulated organizations, boarding high risk customers is a challenging event. The highly detailed knowledge and experience required is not always available within the organization while the…
Trend Letter Q1 2018
March 28, 2018
In this first Trend Letter of 2018 we share with you the following Financial Economic Crime insights and developments. KYC is not a project: five things to get right. Financial inclusion is a key…
KYC is not a project: 5 points to get right
March 23, 2018
Financial institutions continue to be fined for failures to comply with AML/CFT regulations and continue to fail in remediation of these errors. See for instance this article…
New Partnerships for i-KYC in India and Iraq
March 21, 2018
i-KYC is proud to announce its new strategic partnerships with WhiteBridge Consulting LLP in Chennai India and with The Modern Paths Co. in Baghdad, Iraq. Both companies are consulting and training…
Financial Inclusion
March 20, 2018
The World Bank estimates[1] that two billion people, almost one third of the global population, are unbanked or underbanked. This group has either no access to financial services or must rely on…
Trend Letter Q4 2017
January 16, 2018
As 2017 draws to a close, we look back on another interesting Financial Economic Crime prevention year. The coming into force of the 4th EU AML Directive, the release of the Paradise Papers and…
MiFID 2 and Deceptive Advertising
December 19, 2017
MiFID 2; Investor Protection and Fair Advertising Rules. Many details concerning the MiFID 2 regulation have yet to be clarified by ESMA and AFM the coming months as a part of the “Level III”…