Posts by Jasmine Brant
How nonprofits can meet compliance requirements in 2024
Nonprofits operate under unique regulations, making it crucial to understand and implement systems to adhere to these rules.
Read MoreThe UK’s second Economic Crime Plan and how AI can help
For the last four years, the UK’s Economic Crime Plan has aimed to equip both the public and private sectors with information and tools needed to ‘detect, deter and disrupt’ financial crime.
Read MoreStrengthen AML risk management by learning the story of clients
There’s a shift in client onboarding that’s been happening for a while — firms are moving away from surface-level due diligence and taking a more comprehensive approach. They’re delving into the story behind database hits and adverse media. Why? To give the anwsers context, pinpoint the risks, and effectively manage them.
Read MoreWhat law firms need to know about the SRA’s new guidance on client risk assessment
The Solicitors Regulation Authority (SRA) recently revealed that nearly 30% of law firms audited for their adherence to AML rules in the last year were non-compliant.
Read MoreRecap of the KYC and AML landscape in 2023, and what’s next for 2024
As 2023 comes to a close, it’s a good time to look back on what’s happened and look at what to expect in 2024. The landscape in 2023 The complexity of interconnected supply chains grew The rise of global trade and a growing number of stakeholders across suppliers, manufacturers, distributors and retailers has led to…
Read MoreFrom CDD to EDD: AI’s role in every level of due diligence
Performing due diligence is time-consuming. Even when the time and resource needed is understood to be a necessary part of a compliance team’s workload, there are often knock-on effects which are less easy to stomach. Backlogs of due diligence checks can limit the volume of new client intake, and the time spent on researching low-risk…
Read MoreXapien recognised as leading enterprise KYC solution by Chartis
We’re thrilled to announce that Chartis has recognised Xapien as a leading enterprise KYC solution for 2023, earning a place on the Chartis RiskTech Quadrant®. In today’s evolving financial landscape, KYC and AML compliance are crucial for both financial institutions and corporations. The RiskTech Quadrant® maps the current market structure, positioning Xapien as a top…
Read MoreHow AI can help organisations embed ESG as a core value
In recent years, the agenda for ESG initiatives has evolved. Not only have certain priorities become more urgent – such as net zero targets and supply chain transparency – but what’s at stake and the risks associated with falling behind have increased. While ESG may have previously been seen as simply ‘good for the image’,…
Read MoreThe general counsel’s guide to open source information
In 2024, companies are expected to report on various topics, including environmental issues, worker treatment, anti-corruption measures, and supplier relationships. There’s nowhere to hide in today’s digital age from the scrutiny of their ESG performance. Especially when consumers have online access to open source information (OSI). Once used by investigative journalists, OSI is now accessible…
Read MoreExamples of when adverse media screening was crucial
A recent study from the University of Notre Dame revealed that some companies strategically release unrelated press releases on the same day they submit negative reports to the US Securities and Exchange Commission (SEC). Why? To divert investors’ and partners’ attention away from unfavourable developments. The study analysed nearly 50,000 non-earnings-related filings and found that…
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