RegTech Insight Financial Crime The latest content from across the platform

Best Practice Approaches to Identifying and Managing Securities Related to Sanctioned Entities

Managing data to comply with ever-changing economic sanctions is often a problem, but the problem becomes more complex for financial institutions that must monitor and manage not only country, company and individual sanctions, but also securities related to these entities. Addressing the problem, A-Team Group is planning a webinar that will consider best practice approaches…

Recorded Webinar: Solving the problem of integrating beneficial ownership data with client onboarding and KYC systems

This webinar has passed, but you can view the recording by registering here. Client onboarding and Know Your Customer (KYC) processes are becoming more complex as regulation drives towards the inclusion of beneficial ownership data and requires financial institutions to improve customer due diligence still further. The webinar will discuss the need for beneficial ownership…

Talking Intelligent Trading with Andrew Delaney: It’s a MAD MAD / MAR MAR World

Here in Canary Wharf, at least, all of the ongoing fuss about Brexit distracted us from a key regulatory milestone: the introduction on July 4 for the EU’s Market Abuse Regulation (MAR), the real-life incarnation of its earlier foray into financial crime: the Market Abuse Directive (MAD). We could all be forgiven for worrying about…

Alacra Adds OusideIQ Automated Due Diligence Reports to Compliance Platform

Alacra has added OutsideIQ’s DDIQ automated due diligence reports to its Alacra-On-Demand research fulfilment service and will add the reports to its Alacra Compliance Enterprise client onboarding solution later this year. OutsideIQ’s DDIQ reports are based on algo searches of the web and open source corporate data, complementing Alacra’s searches of licensed data services and…

Alacra Eases Access to Companies House Client Due Diligence Documents

Alacra has improved access to due diligence documents for UK domiciled firms by integrating the beta version of Companies House application programming interface (API) with the Alacra Compliance Enterprise (ACE) platform that provides Know Your Customer and client onboarding services. The company, recently acquired by compliance platform provider Opus, is also working with Companies House…

Nice Actimize Moves into Middle Tier Market with Cloud Based AML Solution

Nice Actimize is moving into the mid-sized financial institutions market with a cloud platform that will initially provide an anti-money laundering (AML) software-as-a-service solution and later a complete suite of financial crime applications. The AML solution, Actimize AML Essentials, is a packaged and variant version of the company’s AML enterprise software. It covers suspicious activity…

Thomson Reuters Increases Frequency of Reference Data Delivery with DataScope Equities Plus

Thomson Reuters continues to build out its strategy of making products as flexible and easy to use as possible with the introduction of Thomson Reuters DataScope Equities Plus, a bulk data feed solution that moves on from intra-day reference data delivery to provide updated data every 15 minutes. Pricing data continues to be supplied on…

Man Group Streamlines KYC Process with Thomson Reuters Managed Service

Man Group has selected Thomson Reuters’ KYC Managed Service to replace predominantly manual in-house customer due diligence processes. The managed service is expected to help the alternative investment manager streamline its Know Your Customer (KYC) process and improve the monitoring of client records on an ongoing basis. Man Group searched the market for a global…

A-Team Webinar Discusses the Next Frontier of Customer Due Diligence

Customer onboarding processes are often complex and burdensome, leading to poor customer service despite significant investment and costly penalties resulting from non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These problems can damage financial firms’ customer relationships, reputations and ongoing business, but they are not insurmountable if collaborative technology approaches are embraced…

CounterpartyLink Upgrades CPL Compliance Solution

CounterpartyLink has upgraded its CPL Compliance entity data solution with the addition of ultimate beneficial ownership information, more detail on Legal Entity Identifiers (LEIs) and the inclusion of Global Intermediary Identification Numbers (GIINs). The upgraded solution is designed to provide all the counterparty data required for compliance with Know Your Customer (KYC) regulations and is…