Blogs
Strengthening Identity Risk, and Client Lifecycle Controls in Banking
For decades, Know Your Customer (KYC) programs in North American banks were built around in-branch account opening, paper documentation and manual review. Customer Identification Program (CIP) requirements were embedded within a broader compliance process
The New Compliance Trinity: Regulations, AI and Trust
For decades, regulatory compliance within financial institutions has been defined by a familiar rhythm: interpreting new rules, updating policies, remediating gaps, and responding to supervisory findings. This reactive model, while imperfect, was largely s
Canada's Beneficial Ownership Evolution
In recent years, the global spotlight on beneficial ownership transparency has intensified, driven by the need to combat financial crime, tax evasion, and corruption. Canada has been part of this conversation, making strides to enhance transparency in corp
Why Periodic KYC is Failing: The Urgent Shift to Perpetual Compliance You Can’t Afford to Ignore
At the recent Datos Financial Crime and Cybersecurity Forum, held annually in Charlotte, NC, I had the honor of participating as a guest speaker for an executive roundtable session titled 'Periodic to Perpetual: Synergizing KYC and TM for Continuous Compli
Why FinCrime Regulation is Imminent for US Investment Advisors
In early February 2024, US Treasury Secretary, Janet Yellen, noted that the US Treasury Department plans to issue a proposed rule applying requirements for anti-money laundering (AML) on investment advisers. These plans were further backed up by anannounce
