Compliance

Regtech Industry in 2022 & What’s Coming in the Future

The Regtech industry in 2022 is growing rapidly. As regulation across payments, gambling, crypto, and Buy Now Pay Later continues to become more stringent, there is no surprise that we are seeing a boom in the interest in services which can satisfy the need to verify the identity of customers and prevent money laundering and …

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Ultimate Beneficial Ownership: The Next Compliance Challenge

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 …

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W2-Matching-Logic

W2 fights compliance false positives with improved matching logic

In any compliance program in any financial institution or corporation, everything must be pivoted on having strong controls. At risk of hefty fines, businesses need to understand what their sanction risks are, where there are risks and how are they managing those risks. However, keeping up with ever-changing Politically Exposed Persons (PEP) and Sanctions lists …

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W2-Cyber-Essentials

W2 Secures Cyber Essentials certification

W2, the leading provider of real-time digital solutions for global regulatory compliance, has secured a UK Cyber Essentials certification; the UK Government-backed scheme designed to protect organisations and their data against a wide range of cyberattacks. Alex Loane, W2’s Information Security Manager, said: “This certification marks another important milestone for W2’s information security program which …

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Pause and Take 5

Protecting Clients PII

The diversification of payment channels is transforming the way we use money. Technology has a big part to play in identifying patterns of criminal activity across millions, even billions of transactions in ways that manual processes simply cannot match. The U.K.’s data regulator, the Information Commissioner’s Office (ICO), has recently issued guidance to help organisations …

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Pause and Take 5

The Information Sharing Challenge

Businesses, regulators and enforcement agencies continue to work together to identify new money laundering and fraud threats, tackling them on a collective and global basis however meaningful and effective sharing of information remains elusive. Information sharing is viewed universally as the critical determinant of success and yet, privacy and data protection concerns prevail. Balancing these …

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