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 ever increasing levels of Anti-Money Laundering (AML) regulations which businesses must comply with. Anti-Money Laundering (AML) definition AML, or Anti-Money Laundering, is …
“We cannot make the operators the police,” said W2 founder and CEO Warren Russell, as he called on all key stakeholders within the UK’s igaming industry to work collaboratively to identify problem gambling and become better aware of its real dangers. Russell spoke to SBC News about why Know Your Customer checks are not just a task for …
At W2, we sit very squarely amongst the regtech space, providing fintech businesses, among other industries, with the regulatory compliance solutions they need. Giving them the tools needed whilst allowing for scalability and direct integration to remove the need for manual intervention to onboard customers is something that particularly fintech’s, who tend to share the …
What Regtech Can Learn From The Fintech Eco-System Read More »
In our last blog, we discussed the recent trend for paying with cryptocurrencies, currently growing at around 30% per month. These payment instruments offer lower costs and much faster settlement compared with traditional cards and digital wallets. However, those very advantages – speed and immediacy – are proving a real headache for regulators looking to …
Ultimate Beneficial Ownership: The Next Compliance Challenge Read More »
W2, the leading provider of regulatory compliance software, has today announced a strategic partnership with Virgin Experience Days to supply global eKYC for customer onboarding. Virgin Experience Days will use W2’s award winning global eKYC solution integrated via API and with use of the W2 portal to onboard customers for their leisure vouchers to end …
W2 Announces Partnership with Virgin Experience Days for Streamlined Compliance Read More »
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 …
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 …
As reported by SBCNEWS last week, the licenses of seven UK on-course bookmakers are now under review by the UK Gambling Commission (UKGC) for allowing a 16-year old to place a bet at this year’s Royal Ascot event in June. Although on-course bookmakers across the UK are carrying out checks to ensure that under-aged persons …
The challenges for Age Verification both online and offline Read More »
