Results for tag “Compliance

AML

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Best Practices

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Compliance

Setting Up an AML Compliance Program Part II: Know Your Customer

We started this series by providing a framework for assessing the risks of money laundering that your financial institution faces. We recommend reading through that framework if you haven’t already. Once you have assessed your unique risks, you’ll want to work through each of the five pillars of a strong AML program: 1. Assess Risk 2. Know-Your-Customer (KYC) 3. Monitoring 4. Investigations 5. Reports This post focuses on the second: the Know Your Customer practice area. Thanks to

May 05, 2021

In the News

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Compliance

The Fintech Times: Why Modern RegTech is the Key to a Successful Fintech

Author: Matt Van Buskirk, Co-CEO and CoFounder, Hummingbird Learn more about RegTech for fintechs in this article from The Fintech Times: Creating a new fintech from scratch is an incredibly complex process. Founders need to define the concept, build the product, grow the team, attain approval from a bank partner, and get customers to try it out. From the founders’ perspective, all of these steps are necessary and require attention, but some could argue that compliance and regulation are some

April 08, 2021