eKYC stands for electronic Know Your Customer and refers to the digital process of remote, paperless process that minimises the costs and traditional bureaucracy necessary in KYC checks. eKYC uses digital identification processes with the aid of technology such as AI (e.g. … Read More
Author Archives: Chris Bourne
Managing regulatory compliance in the people services sector
Managing regulatory compliance in people services, with particular reference to recruitment and hospitality. … Read More
Managing compliance in the professional services sector
Compliance in professional services faces rising complexity, budget constraints, and outdated methods. Embracing automated compliance technology streamlines processes, reduces costs, and ensures adherence to evolving regulations while mitigating significant risks. … Read More
How to develop a compliance strategy that improves decision-making
Compliance should be viewed as a strategic asset, not a blocker. By integrating compliance into decision-making and automating processes, businesses can improve efficiency, reduce risk, and drive growth. … Read More
Managing AML compliance in the property sector
Money laundering through property is a significant issue, especially in cities like London. Property firms must maintain strong AML compliance to avoid fines and reputational damage, ensuring proper risk assessments and client verification. … Read More
Managing compliance in the financial services sector
There has been a continuous flow of publicity about huge fines levied by the FCA. These have mostly been against banks, for breaches of their anti-money laundering (AML) responsibilities. Some are for data breaches, whilst others relate to anti-money laundering … Read More
8 compliance trends and predictions for 2023
The last few years have been difficult to predict when it comes to looking at compliance trends. From the fallout of the pandemic and Brexit, to the war in Ukraine; it has been a tumultuous time for regulated businesses. What’s … Read More
Automate your legal firm’s customer due diligence
Legal firms must ensure they know who their clients are and that it’s safe to do business with them. The purpose of such due diligence is to identify potential money laundering and the risk of terrorist financing. Under regulation 27 … Read More
8 barriers and benefits for proactive KYB and KYC
KYC (Know Your Customer) and KYB (Know Your Business) are not one-hit processes for simply onboarding your customers at the outset of your relationship. In this eBook, we look at barriers and benefits of a proactive approach to continuous KYC/KYB. … Read More
8 benefits of AML & KYC compliance software
Implementing automated KYC and AML compliance software helps businesses stay compliant, manage workflows efficiently, reduce human error, save time, improve security, and ensure real-time compliance while enhancing customer experience. … Read More