Blending customer experience and compliance is a crucial task for fintech companies, especially when it comes to Anti-Money Laundering (AML) challenges. AML regulations are in place to prevent and detect activities related to money laundering and terrorist financing, but they … Read More
Author Archives: Chris Bourne
Revolutionising compliance: How tech is simplifying AML for payment firms
Revolutionising compliance in Anti-Money Laundering (AML) for payment firms represents a significant milestone in strengthening the integrity and security of financial transactions. In an era where financial systems are becoming increasingly interconnected and digital, the need for robust AML measures … Read More
Digital transformation: Meeting AML compliance requirements in the banking sector
Digital transformation in the banking sector involves leveraging technology to streamline operations, enhance customer experiences, and stay competitive in a rapidly evolving landscape. However, amidst this transformation, it’s crucial for banks to ensure they meet Anti-Money Laundering (AML) compliance requirements. … Read More
Modern techniques for AML fraud detection
With our world becoming more digital by the day, technology is playing a pivotal role in shaping modern compliance and fraud detection. More and more industries are relying on the wonders of technology to aid with efficient processes and create … Read More
PSD2 compliance: What businesses need to know
PSD2 enhances payment security, competition, and consumer protection in the EU. Key elements include Strong Customer Authentication, access to account, data privacy, and regulatory compliance, with penalties for non-compliance. … Read More
Key steps in an effective AML process
An effective AML process ensures legal compliance, protects reputation, mitigates risks, enhances efficiency, and fosters sustainable growth through robust due diligence and automated monitoring solutions. … Read More
Top money laundering red flags in the UK
Money laundering red flags include unusual transactions, unexplained funds, high-value cash, rapid fund transfers, PEP involvement, inconsistent documentation, and refusal to provide information. These require further investigation and potential reporting to authorities. … Read More
How NorthRow is helping regulated companies to succeed
In today’s fast-paced and ever-evolving business landscape, regulated companies face numerous challenges in order to succeed while maintaining compliance with stringent regulatory requirements. The integration of advanced technology has become pivotal in streamlining operations and achieving growth without compromising on … Read More
What is a KYC check?
KYC stands for “Know Your Customer,” and refers to the process that businesses and financial institutions use to verify the identity of their customers or clients. The primary goal of a KYC check is to prevent identity theft, fraud, money … Read More
Using RegTech to develop a businesswide culture of compliance: how can it help?
Compliance is a continuous journey, not just a one-time tickbox. Using Regulatory Technology (RegTech) to develop a businesswide culture of compliance can provide numerous benefits for organisations. Leveraging regtech can significantly contribute to the development of a positive compliance culture … Read More