connections
our blog covering the latest news and industry trends from the financial and professional service sectors
Implement a Best-in-Class KYC Process Flow: Convincing Leadership it’s Time for a Change
Implement a Best-in-Class KYC Process Flow: Convincing Leadership it's Time for a Change If you’re responsible for Know Your Customer (KYC) efficiency in your organisation, you’re always on the lookout for new tools, systems and best practices. With...
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the full picture, this week – 21 September 2018
This week we dive into information sharing initiatives to combat financial crime around the globe, Europe’s money laundering woes, the benefits of external standards when developing anti-corruption compliance programmes and the challenges and benefits of...
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to automate is human
Making tools that improve our lives is an impetus we can trace back into prehistory to times when we tamed the destructive force of fire and learned to fashion cutting blades from flint. Our civilisations developed through agricultural revolutions, first...
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the full picture, this week – 14 September 2018
The weekend is nearly here, but first of all let’s catch up on a whirlwind of a week. The full picture, this week takes in initiatives to combat tax evasion, some highs and lows in the fight against money laundering and a deep dive by McKinsey into the global...
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the full picture, this week – 07 September 2018
A restyled the full picture, this week is back after a brief summer break. This week it’s all about improving anti-money laundering enforcement across the EU, the next wave of US sanctions, how the private sector must come together to fight modern slavery...
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Know Your Customer remediation – your questions answered
Effective compliance and risk management programmes depend on accurate and up-to-date Know Your Customer (KYC) data. However, remediating KYC when the regulatory landscape and customer risk profiles are subject to constant change is time-consuming and...
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Identifying Ultimate Beneficial Owners (UBOs): a process that’s ripe for Robotic Process Automation (RPA)
How can you make decisions based on disparate data across multiple applications? Identification of beneficial owners is a grueling task that takes time, strict governance and manual processes. But with advances in technology, these challenges can be...
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to compel or convert: tax havens and the international community
I recently explored the historical reasons behind the creation of tax havens and the impact that they have had on international finance. In the second part of my blog I examine the response of the international community to the rise of tax havens or...
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KYC v Client ID – the importance of the bigger picture
A huge amount of money is thought to be laundered in the UK annually. The National Crime Agency has recently said in its 2017 assessment of serious and organised crime that previous estimates of £36bn to £90bn are a significant underestimate. This is a...
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5 challenges to finding accurate business information in the MENA region
Anyone who has invested or done research in the Middle East & Africa will know that finding reliable sources of business information is not always easy. In this article Patrick Lord of Diligencia, a data provider to encompass, outlines the most common...
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