Regulated businesses like ours should stay vigilant against inadvertent involvement in money laundering activities, particularly with accidental money mules, due to the ever-evolving nature of the financial landscape. This vigilance is essential to maintaining compliance with regulatory requirements, upholding the integrity of our operations, and safeguarding our reputation. Additionally, detecting and preventing such activities helps […]
There is a vital set of practices all entities must adhere to, whether they’re big banks or burgeoning startups. Those practices are called Know Your Customer (KYC) and Know Your Business (KYB). But what exactly are these concepts, and why are they so crucial? Let’s decipher these compliance codes together, without rattling your brain with too much […]
Enhanced source of funds checks and statements of wealth are a crucial part of the ongoing effort to create a secure and transparent financial environment. While they may seem complex, they are essential in safeguarding against money laundering, a practice which, although involving only a small percentage of transactions, plays a major role in criminal […]
In recent years, automation and artificial intelligence have become increasingly popular as a tool to boost efficiency and productivity. In the property sector the situation is no different, with these tools at the forefront of innovation. But automation goes far further than just productivity and efficiency. It also allows property professionals to improve their sales […]
