Taking the Next Step in KYC and AML ComplianceMarch 06, 2014Regulators are demanding more and more from banks’ KYC and AML monitoring, making it increasingly necessary for the industry to collaborate on this costly area of regulation.
3 IT Tools to Drive ComplianceJuly 26, 2013The back office can play a critical role in compliance efforts by demonstrating intent, fulfilling transparency obligations, and even proactively preventing regulatory violations.
How Regulators Should Treat Virtual CurrenciesJune 13, 2013Regulators have turned an alert eye on the emerging virtual currency market, and it is only a matter of time before they formulate anti-money laundering and fraud prevention rules specific to the new market.
More Bang for the FATCA BuckMay 10, 2013In the final article in a three-part series on FATCA compliance, we explain why banks need to look for solutions that help them collect and analyze customer identification information to help with compliance in multiple areas beyond FATCA.
Who is Your Borrower in a Virtual World?March 08, 2013Regulations are murky in defining how banks should verify customer identity when a new customer opens an account or credit line through digital channels, but best practices are emerging to help banks with customer identity verification in those instances.
Rewriting the KYC PlaybookJanuary 18, 2013Banks must address the "V3challenge" -- questions around variety, velocity and vagueness -- in order to achieve better bank counterparty due diligence, as part of Know Your Customer compliance.
Smart Tech Decisions Can Optimize AML PerformanceFebruary 18, 2009Banks that integrate the technology components of their AML programs stand to gain considerable return on investment, according to John Sabatini, Principal, and Erin McAvoy, Senior Manager, Financial Services Office, Ernst & Young.