The future of beneficial ownership data: an interview with Thom Townsend
We caught up with Thom Townsend, Executive Director at Open Ownership, to discuss the company's 'Beneficial Ownership Data Standard', perspectives on the implementation of 5AMLD, and if the EU model for the transparency of corporate ownership has been emulated
What does the FinCEN files leak mean for KYC and AML?
Experts have branded failures in the US real estate anti-money laundering (AML) regime ‘madness’. They predict legislation is inevitable, and that rules and regulations will extend to cover real estate professionals. The banking industry has been reeling since, on September
‘Madness’ of US real estate AML regime will trigger new laws
Experts have branded failures in the US real estate anti-money laundering (AML) regime ‘madness’. They predict legislation is inevitable, and that rules and regulations will extend to cover real estate professionals. An unfavourable report on real estate geographical targeting orders
The ever evolving data challenge for effective Customer Due Diligence
Highly regulated institutions face many challenges now that there is an increased need to “know” their customers. Typically, companies need to go deeper and broader with onboarding, monitoring and AML investigations, driving up completion times and often requiring a
Wirecard, increasing risk, and banks’ need for KYCC
Banks use KYC to obtain data on their clients for onboarding and periodic review processes - a set of protocols to assist with gaining a better understanding of the exposure to risk within a book of customers. Conducting KYC
The Arachnys Data Source Series: South Africa
Continuously building out our source information, we look to give our clients the confidence to perform onboarding, screening and investigations for companies and individuals they do business with worldwide. The worldwide tag here is one of utmost importance. The material
InsideArachnys – Q&A with Renzhi Zhou, Junior Software Engineer
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Renzhi Zhou, our Junior Software Engineer based in London. Hi Renzhi, can you tell us a little bit
Gambling AML: an industry still flush with fincrime
Financial gain is a gamble that can pay off for opportunistic criminals, and it is evident that the lucrative gambling industry has been a major target for money launderers for a long while, particularly in the UK. It is an