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Lending Life Cycle Management: Challenges and Best Practices

Finezza

It involves due diligence regarding customer background by the lenders, regulatory compliance, and financial processes for the lender. The lending life cycle consists of all activities that begin at the loan application stage and culminate with the final repayment.

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Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

As an investor, due diligence in cybersecurity involves examining several areas. Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. This leads to inadequate due diligence. What’s next?

IBAN 88
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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

The Home Office outlines six key principles: tone from the top, due diligence, risk assessment, proportionate procedures, monitoring/review, and communication/training. Due diligence : Ensuring employees and third parties adhere to anti-fraud policies. Monitoring and review: Regularly updating fraud prevention measures.

Crime 88
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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

This includes carrying out customer due diligence (CDD), even on clients who were onboarded before they got licensed. This means DTSPs are not allowed to rely on them to carry out customer due diligence. This includes doing due diligence checks to make sure the third party meets the required standards.

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Streamlining KYC: Best Practices in the Collection and Processing of Beneficial Owners

Payments Dive

FinCEN put into effect the most stringent KYC regulations to date requiring FIs to comply with new Customer Due Diligence standards on beneficial ownership, along with multiple FAQs on ID collection and verification.

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13 Best Practices for Accounts Receivable

EBizCharge

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.