One of our values is Shared Intelligence - a belief that we can accelerate progress by sharing data and knowledge. Read on below for news, reports, and a multitude of insightful readings curated across AML, Compliance, RegTech, and Augmented Intelligence. If you are a thought leader in this space, don’t hesitate to contact us, as we love collaborating!
The European Banking Authority released its guidelines on remote customer onboarding. These apply to both credit and financial institutions. At the same time, they set the standards within the EU for developing sensible CDD processes.
The increasing geopolitical tensions between the United States, Russia, and China will likely drive the Compliance agenda during 2023. Regulation is expected to become considerably tighter over the next few years, so we've outlined what we think will be the biggest trends in 2023.
We are elated to announce that Lucinity is a RegTech100 company! Lucinity was selected as one of the top innovative RegTech companies, transforming the industry and helping financial institutions improve their compliance and risk management functions.
Compliance is essential for a productive and integrated workplace. Charlotte Lowry, MLRO and Compliance Officer from PLEO, and our founder, GK, are huge proponents of how advantageous a culture of compliance is to a business.
AML compliance includes processes, policies, and training. Financial Institutions (FI) have invested heavily in Compliance, but each year they've been careful to ensure that FIs covered other risk functions and reputational risks
In this first post of a three-part blog series, we clear the air about AI, and explain Human AI: what it means, how it’s similar and why it’s different. And how it’ll help you fight financial crime better.
"It’s so important we push technology to the frontline, as our chief weapon against money launderers. In doing so, it can also act as the critical bridge between banks and regulators across the world."
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