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There’s No Excuse for Lazy Customer Due Diligence Anymore, Says Trapets

The Fintech Times

Compliance remains one of the biggest challenges in the financial industry for firms of all sizes across the globe. At least established banks have the time and resources to fix breaches in compliance and pay off sanctions. They overlook the harder aspects of due diligence that aren’t easily automated.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. PSPs must stay ahead by monitoring industry updates, engaging with key groups, and building flexible compliance systems.

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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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Ocorian selects Fenergo to strengthen compliance

Finextra

Ocorian, specialist global provider of fund administration, capital markets, corporate, fiduciary and regulatory services, has partnered with Fenergo to further digitise and simplify client due diligence and regulatory compliance processes across its global operations.

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Slow Onboarding Drives Client Losses in Singapore’s Banks

Fintech News

The research shows that banks in Singapore are dedicating more time and resources to KYC processes, which are vital for anti-money laundering (AML) compliance, than any other region surveyed. On the other hand, those leveraging automation and AI can transform KYC and onboarding from mere compliance tasks into strategic advantages.

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

The Payments Association

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

Effective 30 June 2025, the new Singapore DTSP licensing framework significantly tightens compliance expectations for Singapore-based and Singapore-incorporated entities providing digital token services. According to its updated Singapore DTSP licensing, applicants must also prove compliance in the jurisdictions where they operate.