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Find here all the latest articles, news, and research on CDD and other CDD-related topics:

Find here all the latest articles, news, and research on CDD and other CDD-related topics:

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CRIF, Know Your Customer partner with PAOB

News | Digital Identity, Security & Online Fraud | 19 Jul 2023

Fintech CRIF and regtech Know Your Customer have partnered with Ping An OneConnect Bank (Hong Kong) Limited (PAOB) to improve digital onboarding for its SME customers.

partnership, CDD, digital onboarding, SMEs, data aggregation, compliance, ESG, Open Banking, banking, fintech, regtech

EU pushes for new AML and CFT rules

News | Digital Identity, Security & Online Fraud | 29 Mar 2023

The European Parliament has announced that MEPs approved stricter rules for closing the gaps in combating money laundering, terrorist financing and evasion of sanctions in the EU.

fraud management, fraud detection, regulation, CFT, AML, financial sanctions, risk management, data aggregation, data sharing, crypto asset, financial data, payments , identity verification, transaction fraud, cybersecurity, fintech, CDD, beneficial owners, crowdfunding

EGBA publishes AML guidelines for online gambling

News | Digital Identity, Security & Online Fraud | 08 Mar 2023

The European Gaming and Betting Association (EGBA) has published its pan-European anti-money laundering (AML) guidelines to support the online gambling sector in being compliant.

regulation, AML, fraud prevention, gambling, online fraud, cybersecurity, transaction monitoring, risk management, CDD, compliance, financial crime, fintech

Plaid launches security portal

News | Digital Identity, Security & Online Fraud | 24 Feb 2023

Data network Plaid has announced the launch of a security portal to help partners and customers accelerate their cybersecurity due diligence efforts and make informed decisions.

product launch, data sharing, data analytics, cybersecurity, CDD, fraud platform, online fraud, online security, ISO, e-procurement, certification, fintech

Shufti Pro partners KYC Portal

News | Digital Identity, Security & Online Fraud | 24 Feb 2023

Identity verification platform Shufti Pro has announced a partnership with client lifecycle management platform KYC Portal to meet its anti-money laundering (AML) requirements.

partnership, digital onboarding, identity verification, digital identity, AML, CDD, KYC, risk management, data aggregation, regulation, compliance, identity fraud, fintech, fraud prevention, fraud management

iDenfy partners Finora Bank

News | Digital Identity, Security & Online Fraud | 26 Jan 2023

Lithuania-based iDenfy has partnered financial service provider Finora Bank to provide identity verification (IDV) and anti-money laundering (AML) services to reduce fraud.

partnership, fraud prevention, fraud management, identity verification, digital onboarding, AML, KYC, compliance, CDD, cybersecurity

CBUAE issues new AML and CFT guidelines

News | Digital Identity, Security & Online Fraud | 13 Jan 2023

The Central Bank of the UAE (CBUAE) has issued new guidelines for licensed financial institutions (LFIs) on anti-money laundering and combatting the financing of terrorism (AML/CFT).

fraud prevention, regulation, CDD, digital identity, AML, CFT, FATF, financial institutions, transaction monitoring

Pure M Global chooses iDenfy as their partner to provide real-time identity verification

News | Digital Identity, Security & Online Fraud | 26 Oct 2021

Lithuania-based ID verification service provider iDenfy has been selected by investment company Pure M Global for identity verification, KYC, and AML regulations compliance.

identity verification, KYC, AML, partnership, digital identity, CDD, fraud prevention, iDenfy

KPMG launches Customer Due Diligence platform

News | Digital Identity, Security & Online Fraud | 04 Oct 2021

KPMG, a Canada-based accounting company, has launched a cloud-based platform KPMG Smart Customer Due Diligence (CDD), that optimises CDD business operations.

digital identity, KYC, CDD, cloud services, online security

AMLD5 and prepaid cards: what has changed?

Voice of the Industry | Digital Identity, Security & Online Fraud | 28 Sep 2021

The changes with regards to AMLD5 on prepaid card transactions represent key information for the payments ecosystem, especially on the way it could impact the payment acceptance rate. Using his expertise in the field of legal consulting, Timelex's Niels Vandezande sheds light on the new rules and exceptions around this law

AML, prepaid card, money laundering, regulation, CDD

Interview with the FBI on financial fraud and crime threats

Interviews | Digital Identity, Security & Online Fraud | 13 Jul 2021

The Paypers sat with an FBI representative to find out what are the latest financial fraud and crime threats coming out of investment firms/crypto and learn how to tackle them

fraud detection, financial crime, CDD, FBI, COVID-19, cryptocurrency, AML

COVID-19 pandemic increased customer and third-party risks, Refinitiv survey reveals

News | Digital Identity, Security & Online Fraud | 08 Jul 2021

New research from Refinitiv shows only 44% of organisations conducted third-party due diligence checks during the COVID-19 pandemic.

KYC, AML, transaction monitoring, compliance, study, CDD

Central Bank of UAE urges FIs to do appropriate CDD to real estate, precious metals and stones businesses

News | Digital Identity, Security & Online Fraud | 30 Jun 2021

The Central Bank of the UAE (CBUAE) has demanded financial institutions (FIs) providing financial services to real estate, precious metals, and stones businesses to specifically assess money laundering and financing of terrorism risks.

central bank, CDD, AML, money laundering

RBI lets banks do their due diligence for virtual currencies

News | Cryptocurrencies | 04 Jun 2021

The Reserve Bank of India (RBI) has notified banks and payment system providers that these are free to carry out their due diligence for customers dealing in virtual currencies.

cryptocurrency, cryptocurrency exchange, KYC, AML, CDD, RBI

French financial regulator and ING reach settlement

News | Digital Identity, Security & Online Fraud | 16 Mar 2021

ING has acknowledged the decision from the Autorité de contrôle prudentiel et de résolution (ACPR) on ING in France, following its inspection in 2018, for shortcomings in its anti-money laundering (AML) and anti-terrorist financing framework.

ING, AML, KYC, compliance, risk management, CDD

Federal agency ends anti-money laundering consent order for Wells Fargo

News | Digital Identity, Security & Online Fraud | 06 Jan 2021

The Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after Wells Fargo took steps to remedy the problems.

customer due diligence, money laundering, CDD, banking, fraud prevention, OCC, US, Wells Fargo

Anti-money laundering market to be valued at USD 1.99 bln by 2025

News | Digital Identity, Security & Online Fraud | 15 Oct 2020

Million Insights has revealed in a report that the global AML market size is projected to reach USD 1.99 billion by 2025, registering CAGR of 13.6% over the forecast period 2019 to 2025.

anti-money laundering, Million Insights, cyber-criminals, peer-to-peer, P2P, money transfer, online payment, customer due diligence, CDD, Know Your Customer, KYC, biometrics, behaviour analysis, customer identity management, NICE Actimize, Tata Consultancy Services Limited, Accenture, SAS Institute, ACI Worldwide

Global financial system again under scrutiny: FinCen leaks

News | Payments General | 29 Sep 2020

Reports on USD 2 trillion worth of suspicious transactions facilitated by major lenders and other financial institutions have been leaked.

FinCen leaks, money laundering, compliance, banks, fines, Deutsche Bank, JPMorgan, Standard Chartered, HSBC, Barclays, BNY Mellon, Societe Generale, SAR, KYC, account opening, CDD

ACAMS launches KYC certification for operations teams

News | Digital Identity, Security & Online Fraud | 10 Jul 2020

ACAMS (Association of Certified Anti-Money Laundering Specialists) has launched a know your customer (KYC) certification for early career professionals and their supervisors. 

ACAMS, Association of Certified Anti-Money Laundering Specialists, know your customer certification, KYC, anti-money laundering prevention, CDD, customer due diligence, EDD, enhanced due diligence, ultimate beneficial owners, UBOs, customer profiles

Fenergo selected by Aviva for KYC, CDD, and AML processes

News | Digital Identity, Security & Online Fraud | 25 Jun 2020

Fenergo has been selected by Aviva to replace KYC, customer due diligence (CDD), and AML systems and services. 

Aviva, Fenergo, KYC, CDD, AML, digital transformation, Client Lifecycle Management, CLM, financial institutions, customer due diligence, onboarding, risk assessment, management, regulations, auditors, UBO, data