W2: Back to Basics

What Does It Mean To ‘Know Your Business’ (KYB)?

In the world of compliance, ‘know you customer’ (KYC) checks first came into force to stop the flow of profits from crime before know your business was ever in place.  Regulated businesses were required to maintain a system of verifiable information about each customer’s identity and to ensure their customers were, indeed, who they claimed …

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What Is Anti-Money Laundering?

Following on from our explanation of the importance of Know Your Customer, this piece will focus on Anti-Money Laundering (AML).   Money laundering is the process of hiding the true source of funds normally applied to money that has been obtained from an illegal source. Governments across the globe are committed to preventing the use of illicit funds and are implementing …

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What Is Know Your Customer KYC? (2021)

It is safe to say the Regtech market loves an acronym, so it’s over to me to enlighten you on their meanings. Know Your Customer, otherwise known as KYC, is a tool that more and more businesses are adopting to ensure the ease of their customer onboarding, and the accuracy of who the people are that are being onboarded. Within sectors such as financial …

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W2: Back To Basics. Who Are W2?

The History of W2 Before W2 Global Data, I started my career in financial services in 1998 and despite a brief foray into the world of demolition, or ‘real work’ as my dad would call it. I then transitioned from a user of regulatory technology to being a retailer of compliance solutions in 2008.  Having worked in the provider side of the fence, I decided to …

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