Resources
Detect risks in real-time, reduce false positives, and ensure regulatory compliance by monitoring global data sources for negative news. Protect your business—discover smarter AML solutions with RelyComply.
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.
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
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
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
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
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
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
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
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