Resources

News and Resources

The latest insights, opinions and events from the world of fincrime compliance.
PEP Screening

Why PEP screening matters: trends for AML compliance in 2025

March 17, 2025

Stronger AML compliance regulations in 2025 mean businesses must upgrade their PEP screening to avoid costly fines and reputational damage. Learn how advanced PEP screening tools can safeguard your business and ensure AML compliance in an increasingly digital financial landscape.

The KYC Market Guide for Banks: Compliance and Risk Management Trends 2025

February 5, 2025

In 2025, Know Your Customer (KYC) solutions will become critical for banks and financial institutions seeking to strengthen their anti-money laundering (AML) frameworks. Driven by increasing regulatory demands, sophisticated financial crimes and expectations for seamless customer experiences, emerging trends like decentralised identity (DCI) and perpetual KYC (pKYC) are reshaping how financial institutions approach compliance and … Continued

South Africa’s AML/CTF Amendment Bill: what matters most for accountable institutions in 2025?

January 28, 2025

In December 2024, the South African Treasury published the draft AML/CTF Amendment Bill, now open for comment. This bill aims to harmonise five key acts and strengthen commitments to deter non-compliance, which has halted the country’s regulatory status on the world stage since February 2023. Beyond that, this Amendment Bill assists South Africa in preparing … Continued

RegTech in 2025: 6 key trends shaping the future of regulatory compliance

December 11, 2024

Due to its innovative capabilities, the financial world has embraced RegTech for the past few years, and adoption is growing. So much so that in 2028, the global market is expected to reach 25.19 billion USD.  Much of this can be owed to the compliance burdens still faced by financial institutions. Appeasing strict regulatory watchdogs can … Continued

KYB vs KYC: Understanding the Differences and Importance in AML

August 14, 2024

This article discusses the nuances of KYB vs KYC, exploring their differences, importance, and implementation in the context of AML compliance.  As regulatory scrutiny intensifies, financial institutions must implement comprehensive due diligence measures to mitigate risks associated with money laundering, terrorist financing, and other financial crimes.  At the heart of these measures lie two critical processes: … Continued

Beyond Due Diligence: How AI-Enhanced KYB is Reshaping AML Practices

August 6, 2024

The interconnected and digital nature of today’s global financial system has amplified the challenges of money laundering and terrorism financing. These constantly evolving threats demand a fundamental shift in our countermeasures, as conventional approaches, based on manual reviews and rigid rule systems, are struggling to keep pace with increasingly sophisticated criminal tactics.  This article explores … Continued

Uncovering Hidden Risks: Advanced KYB Techniques for AML Professionals

July 11, 2024

In today’s rapidly evolving financial landscape, the sophistication of money laundering schemes has reached unprecedented levels. As Anti-Money Laundering (AML) professionals, we face an ongoing challenge to stay ahead of criminals who constantly adapt their methods to exploit weaknesses in compliance systems. Traditional Know Your Business (KYB) procedures, while foundational, are no longer sufficient to uncover the … Continued

RelyComply’s leading AI solutions included in AIFintech100

June 18, 2024

We’re thrilled to have been recognised as a pioneering platform utilising artificial intelligence technology (AI) in Fintech Global’s annual AIFintech100 list for 2024: the premier showcase of powerful AI partners for financial services companies.  This year may be the most vital time for Financial Institutions (FIs) to get to grips with AI. Not only is the understanding … Continued

Streamline your Customer Onboarding: Navigating KYC and CDD using Innovative Technology

May 21, 2024

Striking the right balance between providing a seamless customer onboarding experience and ensuring robust compliance measures can be a delicate endeavour. This article explores strategies and best practices for streamlining the KYC/CDD process that can enable businesses to navigate anti-money laundering (AML) regulations while still enhancing the overall customer experience. The Regulatory Landscape: Understanding KYC and CDD … Continued

RelyComply’s AML innovation recognised by the newly launched FinCrimeTech50

May 7, 2024

We’re proud to announce that RelyComply has been included in the first edition of the FinCrimeTech50 list, founded by specialist research company FinTech Global. The list celebrates trend-setters and pioneering technology companies reinventing the anti-money laundering (AML) and fraud prevention space. The timing is perfect: an estimated 50% of financial institutions are searching for new solutions … Continued

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