Tag Archive for KYC

Take-Aways – ACAMS Conference – Berlin 2019

Berlin Risk joined ACAMS 15th Annual Anti-Financial Crime Conference as an exhibitor, sponsor and speaker at the Berlin conference in June 2019. Berlin Risk’s Managing Director, Jennifer Hanley-Giersch, took part as a panelist focusing on the management of high-risk customers. She discussed adequate approaches to customer risk rating and what levels of investigations are necessary to also address reputational risk. With high-risk clients it is not sufficient to simply identify the UBO. “It is important to have an in-depth understanding of who the customer is, the countries of operations, wider business interest and political associations,” Jennifer said.

RegTech and Financial Crime Prevention

Berlin Risk Managing Director, Jennifer Hanley-Giersch, gives a short update on the RegTech market and how it can be a cost-saving solution for financial crime prevention in today’s regulatory environment.

Know your customer: Enhanced requirements

KYC/CDD requirements have been the focus of regulatory revision in 2016, leading to changes in understanding, approaches and tools needed to meet these requirements.

Integrity Due Diligence – Towards an integrated approach to Compliance (II)

Corporations and institutions can attain a strategic and competitive advantage by pursuing an integrated approach to integrity due diligence.  By assessing the trustworthiness and reliability of customers, business partners and any third parties, organisations ensure the fulfilment of compliance requirements, whilst concurrently facilitating a concerted effort to combat money laundering, fraud and corruption (‘MLFC’) –…

Integrity Due Diligence – Towards an integrated approach to Compliance (I)

The serious impact and long-term effects of economic crimes, such as money laundering, corruption and fraud (‘MLFC’), may not seem to be as apparent as those resulting from hard security threats. These crimes do, however, pose some of the most menacing risks currently facing governments, institutions and corporations. The following article aims to discuss an…

The Third EU AML Directive

As a result of the financial crisis, the importance of effectively combating financial crime has once again been catapulted to the top of the international political agenda.