Is there light at the end of the corona-scam tunnel for financial services?
The globe has been halted in its tracks for the past few months due to this ongoing pandemic. It has caused just as much disruption for businesses worldwide as past economic downturns, and still there are those that profit
The Arachnys Data Source Series: Nigeria
Continuously building out our source information, provided via the Arachnys Data Gateway, 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
The FinCrime Files – Q&A with Matthew Tataryn, Head of Financial Crime at Tide
In our continuing series of interviews, we attempt to uncover some of the challenges faced by those on the front line in fighting financial crime. We caught up with Matthew Tataryn, Head of Financial Crime at Tide, who kindly
Decoding the links between modern slavery and money laundering
Viruses are deadly because they are not easy to kill, let alone eradicate from nature. Slavery is a bit like a virus that refuses to die down in human society. As of 2020, virtually all nations on earth have
Why the COVID-19 crisis poses such a compliance challenge for banks
In times of crisis, we often see the best of people, with selfless and heroic individuals doing all they can to alleviate the suffering of others. Unfortunately, there are also people for whom crisis brings out the worst –
Are UBO registers making a difference?
The EU’s 5th Anti-Money Laundering Directive (5MLD) became effective on 10 January 2020. Amongst various other guidelines, it stipulates that member states must open up access to registers of ultimate beneficial owners (UBOs) of companies, also referred to as
Enterprise sales in the age of Corona
As a cloud technology business, moving to remote-first has not been a big challenge for Arachnys. In fact, a lot of the team have fed back that they are perhaps more effective than they were in our big beautiful
The FinCrime Files – Q&A with Linda Baskett, Financial Crime Director at Aon UK
In a new series of interviews, we attempt to uncover some of the challenges faced by those on the front line in fighting financial crime. We caught up with Linda Baskett, Financial Crime Director at Aon UK who kindly
Arachnys’ response to the COVID-19 outbreak
The swathe of information being presented to each and every one of us during this pandemic is, at times, extremely difficult to keep pace with considering constant change. What is for certain is that the COVID-19 virus is currently
Arachnys Survey Reveals 85% of AML & KYC Analysts Use Google for Due Diligence
LONDON, March 17, 2020 (Arachnys) - An industry survey by Arachnys reveals that 85% of AML/KYC analysts admit to using Google for due diligence or risk investigations, with 16% even stating that they rely on it. The 2020 Arachnys AML/KYC
The case for enhanced due diligence in the pharma sector – and how to achieve it
Pharmaceutical companies are among the most regulated businesses in the world, from drug safety bodies with exacting requirements to competition authorities determined to prevent market abuse. But while pharma businesses have developed sophisticated compliance functions to meet their obligations,