Regulated firms in the UK know all too well the challenges of identifying Ultimate Beneficial Owners (UBOs). The task has grown more of a headache as corporate structures become increasingly sophisticated, often spanning multiple jurisdictions and using layers of legal … Read More
KYB
The top 10 indicators of potential hidden ownership and how to address them
Hidden ownership structures can create serious challenges for regulated firms, especially in industries where transparency is non-negotiable. These arrangements are often carefully crafted to hide illicit activities, muddying the waters for compliance teams and regulators alike. Not only does this … Read More
The 7-step blueprint to UBO transparency
Tracking down the Ultimate Beneficial Owner (UBO) of a company can sometimes feel like chasing shadows. For regulated firms like yours, this task is essential for protecting your business from risks tied to financial crime. Check out our handy 7-step … Read More
Complex corporate structures and why they cause challenges
How well do you know your Ultimate Beneficial Owners (UBOs)? The rise of sophisticated ownership structures has made it harder than ever for compliance teams to pinpoint who truly owns or controls an entity. Our new infographic breaks down the … Read More
5 manual KYB processes that shouldn’t exist in 2024
In today’s modern, tech-driven world, manual Know Your Business (KYB) onboarding processes belong in the past. Not only are they costly, but error-prone, and risky. While there is no questioning the importance of KYB checks, the growing complexity of regulations … Read More
How to proactively manage risk in investment firms with automated KYB
For compliance teams in regulated investment and wealth management firms, the landscape of Anti-Money Laundering (AML) compliance is fraught with complexities. The intricate web of regulations, coupled with the ever-evolving nature of financial crimes, demands a robust and adaptive compliance … Read More
Shifting the perspective: Transforming KYB into a business enabler
Discover how to transform KYB from a compliance headache into a powerful business enabler with our comprehensive guide. … Read More
Achieving data accuracy for KYB in the payments industry
Know Your Business (KYB) is a critical aspect of compliance in the regulated payments sector. Ensuring data accuracy is paramount, as it directly impacts the ability to meet regulatory requirements, mitigate risks, and maintain trust with stakeholders. The process involves … Read More
Should you build or buy a compliance solution?
As the regulatory environment for the lending industry in the UK becomes increasingly stringent, Know Your Business Anti-Money Laundering (AML) compliance has emerged as a critical concern for businesses across the sector. Given the importance of staying compliant and the … Read More
Making better, faster KYB compliance decisions in the legal sector
For regulated legal firms in the UK, ensuring robust Know Your Business (KYB) compliance is paramount. The regulatory landscape is increasingly complex, with stringent requirements designed to prevent fraud, money laundering, and other financial crimes and, as a result, compliance … Read More