Anti-money laundering (AML) and know your customer (KYC) regulators have released the hounds, with billions in fines leveled by governments worldwide against financial institutions (FIs),...
SWIFT is launching its global Know Your Customer (KYC) registry to more corporate groups, SWIFT announced in a press release on Monday (Dec. 16). The...
The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. The bank...
A so-called “small finance” bank in India has reportedly left sensitive data on 2.6 million of its customers exposed without password protection, according to Security...
Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a high money-laundering risk....
SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. In a press release, SWIFT said that...
It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity...
Doing business in far-flung locales means contending with a veritable Tower of Babel – not just in disparate languages, but in regulatory environments that are...
$60 million. $300 million. One month, four months? Welcome to the well-meaning but truly inefficient world of onboarding and KYC -- where financial services firms...