In the world of KYC, Google has become a ubiquitous component of client onboarding, CDD, EDD and Vendor Due Diligence best practices. Searches are often written once and then enshrined in procedures. As a supplement to checks against traditional sanctions, public record, PEP, criminal record, litigation and specialized adverse media providers, a Google search can reveal valuable, risk relevant […]
As Bitcoin gains recognition as a legitimate currency in the world of digital transactions, FinCEN (Financial Crimes Enforcement Network) has issued guidance on the regulations that apply to administrators and exchangers of virtual currencies that will test AML and KYC programs.
Swings in the market value of Bitcoins – tied to limited circulation […]
Canadean, the […]
For several years Alacra has been playing in both the reference data arena with our Concordance services and in the Know-Your-Customer (KYC) / anti-money laundering (AML) arena with Alacra Compliance. We’ve been talking to customers about how these two worlds were going to converge, especially in light of the regulatory and […]
Prior to the 2008 financial crisis there had been a complicated web of banking regulations that affected financial institutions around the world. In response to the financial crisis, regulators have been busy at work drafting new regulations aimed at reducing the chances of a similar meltdown in the future. Earlier this summer we released
The recent hire of two key new executives charged with leading the continued growth of Alacra’s regulatory compliance and reference data management services.
Driving changes to the way financial services firms handle client, prospect and counterparty data are regulatory mandates around Know Your Customer, Anti-Money Laundering, operational and credit risk assessments. Further, there is a […]
Bankers, lawyers, consultants – Alacra’s core end-users – are generally reluctant to share anything important. Still, we’ve been experimenting with ways to use social media, primarily Twitter, for marketing and communication. In our research we’ve come up with some great tips from the blogosphere and have collected many of them here:
