The Payments Association

FEBRUARY 10, 2025

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

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech News

JUNE 12, 2025

Sumsub Simplifies Travel Rule and Transaction Monitoring When it comes to the Travel Rule, Sumsub’s solution architecture covers VASP due diligence, unhosted wallet confirmation, infinitely customisable compliance logic, VASP discovery, and integrated AML checks.

Compliance 118

Compliance Travel Rule Risk Due Diligence 118

Finextra

MARCH 7, 2025

But according to Umazi, a next-generation compliance and digital identity platform leveraging AI and Web3 to automate due diligence and risk assessments, while here in the UK business and government face a number of challenges to its roll-out, the rewards could not be greater.

Due Diligence 52

Due Diligence Risk Assessment Assessments Automation 52

Fintech News

JUNE 5, 2025

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.

Money Laundering 85

Money Laundering Due Diligence Cross-Border Rules 85

Finextra

AUGUST 20, 2024

Norwegian software vendor Commercial Banking Applications AS (CBA), today confirmed that ABN AMRO Bank has gone live using the comprehensive Transaction Due Diligence (TDD) functionality now available within CBA’s IBAS GBF - Global Banking Factory.

Due Diligence 52

Due Diligence Transactions Finance 52

Bank Automation

APRIL 10, 2025

The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its […] The post Jack Dorseys Block to pay New York $40M in Cash App settlement appeared first on Bank Automation News.

Blocks 52

Blocks Settlement Due Diligence Money Laundering 52

Bank Automation

OCTOBER 31, 2024

Regulators may issue public orders after examining the firm’s compliance programs “including transaction monitoring, training, governance and customer due diligence,” […] The post BofA says U.S. Bank of America Corp. may take action over money laundering, Zelle appeared first on Bank Automation News.

Money Laundering 59

Money Laundering Zelle Due Diligence Regulations 59

Fintech News

MARCH 19, 2025

However, GoTo reiterated on Wednesday that no agreement had been reached, following a recent report that Grab had begun due diligence for a potential takeover. Singapore-based Grab, backed by Uber, and Indonesias GoTo have reportedly held multiple discussions over a possible tie-up.

Regulations 79

Regulations Due Diligence Caps Mitigation 79

Fintech News

AUGUST 1, 2024

This service aims to streamline business due diligence and compliance for financial institutions and SMEs, addressing counter-party risk, credit exposure, and compliance with anti-money laundering (AML) regulations. JewelPaymentech, acquired by ADVANCE.AI The post ADVANCE.AI

Due Diligence 117

Due Diligence Money Laundering AML Verification 117

Finextra

MAY 13, 2025

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.

Compliance 52

Compliance Due Diligence Regulatory Compliance Process 52

The Fintech Times

MARCH 28, 2025

It also enables businesses to streamline risk management and ensures they meet stringent customer due diligence requirements under anti-money laundering ( AML ) regulations. ” Applicable at any business level As a global solution, it is tailored to meet the unique needs and maturity-levels of different markets.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

The Payments Association

JANUARY 13, 2025

Operational adjustments To address the implications of the Bill and the regulators crypto-regulatory roadmap, PSPs will need to make significant operational adjustments, including enhanced due diligencethe proposals for admissions and disclosures (A&D) and market abuse regimes (MARC).

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Fintech News

MARCH 24, 2025

In Singapore, the central bank strengthened in 2024 the Payment Services Act (PSA), introducing more stringent requirements for crypto service providers relating to AML/CFT, user protection and financial stability on service providers.

APACS 92

APACS Verification Fraud Detection Money Laundering 92

Clearly Payments

APRIL 8, 2025

Clearly Payments acts as a long-term advisor, helping with: RFPs and vendor selection for new platforms or partners M&A payments due diligence New product launches and billing models (subscriptions, usage-based, etc.)

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

Fintech News

FEBRUARY 5, 2025

Our goal is to help businesses achieve compliance with AML and Know-Your-Customer (KYC) standards while optimising customer due diligence procedures. said Penny Chai, Vice President of Business Development, APAC at Sumsub. Sumsubs increasing focus on Australia is part of its broader expansion across the Asia-Pacific region.

Verification 73

Verification Checks Security Due Diligence 73

M2P Fintech

APRIL 11, 2025

Due diligence was inadequate, and end-use monitoring, especially for high-value or income-generating loans, was inconsistent or missing. KYC and Purity Checks Mandatory KYC compliance and enhanced due diligence for high-value loans. Loan sanction letters should include the weight, purity, and valuation of gold accepted.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

FloQast

MAY 2, 2024

Listeners gain valuable lessons in ethics, due diligence, and professional skepticism, making it a compelling exploration for finance professionals. More than a narrative of past misdeeds, “The Fraud Files” offers insights into the mechanics of fraud and its consequences.

Crime 105

Crime Due Diligence Advisors Agreements 105

Fintech News

JULY 10, 2025

This includes performing full customer due diligence on clients onboarded before the license was obtained. Applicants must also meet a minimum capital requirement of S$250,000 and pay an annual license fee of S$10,000, underscoring MAS’s intent to filter for serious, well-capitalised players. What’s driving this hard stance?

Regulations 79

Regulations Due Diligence SWIFT Money Laundering 79

The Fintech Times

NOVEMBER 6, 2024

Buna’s compliance program integrates rigorous anti-money laundering (AML), counter-terrorism financing (CTF), and sanctions screening protocols both before and after settlement, offering real-time monitoring and thorough due diligence to safeguard financial transactions.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa Due Diligence 59

The Fintech Times

JUNE 25, 2025

Understanding Kenya’s SEZ ecosystem Omining’s entry into Kenya comes as global technology players, including Microsoft , expand into the country’s SEZ framework, with Google and Amazon reportedly completing due diligence for future presence in the region.

Due Diligence 82

Due Diligence Cryptocurrency On-Demand Participant 82

Fintech News

OCTOBER 8, 2024

These include maintaining a minimum capital of S$ 250,000 and adhering to stringent AML/CFT obligations, such as conducting customer due diligence, monitoring transactions, and reporting suspicious activities. MAS’ proposed regulatory amendments Once licensed, DTSPs will be subject to ongoing compliance requirements.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

The Fintech Times

JANUARY 13, 2025

When asked about the most painful aspects of starting a business relationship with a new customer, registering on a new supplier portal was the most commonly cited problem (50 per cent), mentioned twice as often as due diligence (24 per cent).

Visa 59

Visa Due Diligence Wire Transfer Direct Deposit 59

Finezza

APRIL 9, 2024

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.

Best Practices 89

Best Practices Due Diligence Regulatory Compliance Compliance 89

PYMNTS

SEPTEMBER 22, 2020

“A bank providing services in support of a stablecoin project must comply with all applicable laws and regulations and must ensure that it has instituted appropriate controls and conducted sufficient due diligence commensurate with the risks associated with maintaining a relationship with a stablecoin issuer,” Gould wrote. .

Office of the Comptroller of the Currency 138

Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

Stax

NOVEMBER 27, 2023

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S., Contact us for a free demo today.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Fintech News

DECEMBER 6, 2023

According to Airwallex, the introduction of this generative AI technology has led to a 50 percent decrease in false-positive alerts during the KYC due diligence phase. The new tool, which utilises large language models (LLMs), aims to expedite the company’s “Know Your Customer” (KYC) assessments.

AI 120

AI Due Diligence Assessments Rules 120

Fintech News

APRIL 16, 2024

As well as the option to benefit from diligence services supported by iCapital, the platform provides a variety of investment opportunities under a unified agreement, facilitating the creation of diversified investment portfolios that align with client objectives.

Due Diligence 125

Due Diligence Advisors APACS Returns 125

The Fintech Times

FEBRUARY 6, 2025

With Agentic AI Company Research, our customers particularly in the private credit space gain a clearer picture of each companys credit health, enabling them to move faster and make data-driven decisions with confidence in a sector often challenged by poor disclosures, lack of traditional credit ratings, and the need for intensive due diligence.

Research 59

Research AI Risk Assessment Due Diligence 59

Fintech News

NOVEMBER 20, 2024

Regulators only require ‘due diligence,’ but the definition of what constitutes adequate due diligence can vary.” In B2C, there are well-established industry standards, but in the B2B space, there are no universal standards,” Deng said.

Cross-Border Payments 131

Cross-Border Payments Cross-Border B2B Due Diligence 131

Payments Dive

APRIL 25, 2022

The Office of the Comptroller of the Currency said the bank — the first crypto firm to receive a national trust bank charter in January 2021 — must overhaul its anti-money laundering program after failing to implement internal controls for customer due diligence and procedures for monitoring suspicious activity.

Office of the Comptroller of the Currency 78

Office of the Comptroller of the Currency Due Diligence Money Laundering AML 78

Bank Automation

JANUARY 25, 2024

Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence. Global venture funding in 2023 stood at $248.4 billion, down 42% year over year, its lowest point since 2017, according to a Jan. 4 State of Venture 2023 report by business analytics provider CB Insights.

Due Diligence 78

Due Diligence FinTech Accounts 78

The Fintech Times

MARCH 27, 2025

Understanding Hyperswitch Engineered as the ‘Linux for Payments,’ Hyperswitchs open-source nature ensures full visibility, faster integrations, and seamless due diligence.

Due Diligence 59

Due Diligence Alternative Payment Methods Authentication Fraud Prevention 59

Neopay

APRIL 22, 2025

As regulatory and compliance specialists for payment and e-money firms, we recognise the importance for due diligence, transaction monitoring, and robust AML controls. How Neopay can help At Neopay, we welcome these efforts to tackle financial crime at its source.

Money Laundering 52

Money Laundering Crime Due Diligence Financial Crimes 52

Fintech News

DECEMBER 13, 2023

The in-depth due diligence 01Fintech has done has shown their deep domain expertise and willingness to identify areas of growth to bring the company to the next level,” said Nikhilesh Goel, Co-founder and Group CEO, Validus. We will be able to tap into their expertise and vast network in the region.

Due Diligence 109

Due Diligence Underserved Finance Small Business 109

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. For enquiries, please contact us at 0207 436 0630 or via email at info@thistleinitiatives.co.uk.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Neopay

APRIL 10, 2025

We assist companies: Conduct thorough testing of their AML and transaction monitoring controls Identify and remediate gaps in business relationship monitoring and ongoing due diligence Review governance arrangements and establish robust control structures that are tailored to your risk profile Prepare for inspection and minimise enforcement risk through (..)

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

The Fintech Times

MARCH 17, 2025

While IT teams are normally tasked with protecting organisations, sales, marketing, and communications employees must also ensure they are doing their own due diligence in their roles to ensure fraudsters can’t slip through the gaps. Finding the right people and technology Everyone has a part to play in preventing fraud.

AI 59

AI Fraud Prevention Transactions Due Diligence 59