2019 Q4 Trendletter
Season's Greetings! With this update, the i-KYC team is pleased to bring to your attention a selection of interesting developments in the field of financial crime prevention in the fourth quarter of…
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ABCs of ABC Program
ABC (Anti-Bribery/Corruption) is a cause that the entire world is fighting for. All countries, even the developed ones, suffer from the consequences of bribery and corruption to varying degrees. The…
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The cost of compliance – again
It’s the end of yet another year full of fails in Financial and Economic Crime Compliance around the world. To name just one example, WestPac was in the news for 23 million transactions that were…
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What banks can learn about compliance culture from Volkswagen, Novartis & Tenneco
Earlier this year, chief compliance officers from the world’s largest carmaker, Volkswagen AG, Swiss pharmaceutical giant Novartis, and U.S.-based auto parts manufacturer, Tenneco, took part in the…
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Reflections of a Seasoned KYC Specialist
i-KYC is pleased and proud to take this opportunity to put Arnold Hardick in the spotlight. At the age of 70 and with 45 years of hands-on international banking experience to his name, Arnold has a…
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Quarterly Trend Letter Q3
With this update the i-KYC team is pleased to bring to your attention a selection of interesting developments in the field of financial crime prevention in the third quarter of 2019. Fixing the…
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Hidden dynamics, hidden opportunities
Sometimes a well-respected company finds itself completely out of order without an understanding how that came about. These are things that cannot be easily explained. Matters where our common…
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Updates on Singapore Regulatory Environment
The Financial Services sector in Singapore is all set for an exciting times ahead. Seen in a holistic manner, some of the recent initiatives spelt out in this Trendletter, Monetary Authority of…
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The KYC utility revisited – is a problem shared indeed a problem halved?
KYC or better Customer Due Diligence and the related work of Transaction Monitoring are often considered cumbersome and painful. Not to mention that financial institutions can be fined heavily for…
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Fixing the Train(ing) Wreck
The global financial crisis exposed widespread misconduct in the financial services industry, with poor risk & compliance culture being identified as a key contributing factor to the endless…
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i-KYC Trend Letter Q2, 2019
We are pleased share with you the second i-KYC Trend Letter for 2019. In this quarter’s publication, we bring the following Financial Economic Crime insights and developments to your attention. We…
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Is Bank Misbehaviour Threatening The Myth of Money?
In his book ‘Sapiens: A Brief History of Humankind’[1], historian, philosopher and author Yuval Harari explores how homo sapiens came to dominate the world. One of the reasons identified by Harari…
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