A new Due Diligence Repository has been created to provide banks with ‘know your client’ data needed to carry out compliance checks. The service has been developed by Bankersalmanac.com and in association with the Wolfsburg Group – a group of twelve global banks working towards standards for various regulatory requirements. It aims to provide a centralized database of compliance-related documents alongside Bankersalmanac.com’s data of head office details, group structure, ownership and subsidiaries, key personnel and financials. Says Kerry Hewson, publishing director of Bankersalmanac.com, “The demands of Know Your Customer standards and Anti-Money Laundering measures mean it is becoming increasingly important for banks to have adequate controls, procedures and audit trails in place to protect themselves from reputational, operational and legal risks.”
A-Team Insight Blogs
Due Diligence Repository to Provide KYC Data for Compliance
Date: 20 April 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a...
Russell Investments has embarked on a major modernisation of its risk and compliance programme based on ACA Group’s ComplianceAlpha managed service. The vision is to create a single platform to establish a single source of truth for all relevant data and analysis, boosting the effectiveness and efficiency of its risk and compliance teams. The initiative...
RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.
Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...