by DG Internal | Oct 2, 2024 | Blog, Resources
GDPR stands for General Data Protection Regulation while KYC stands for Know Your Customer. Where GDPR is a European Union (EU) law to protect people’s sensitive personals online, KYC uses people’s sensitive data to verify if they are involved in any illegal...
by Israel Udensi | Sep 12, 2024 | Blog
Money laundering poses a significant financial crime risk to institutions and it is the role of the Money Laundering Reporting Officer (MLRO) to safeguard institutions against such criminal activities. MLROs are crucial in the implementation and oversight of...
by Israel Udensi | Aug 26, 2024 | Blog
Money laundering is a significant concern for financial institutions worldwide, as it involves disguising the origins of illegally obtained money to make it appear legitimate. Detecting and addressing money laundering red flags is crucial to safeguarding the integrity...
by Israel Udensi | Aug 9, 2024 | Blog
In a highly regulated corporate environment, institutions must adhere to a multitude of regulatory compliance requirements. Compliance is crucial and it often comes with significant costs. One of the key factors driving these costs is the occurrence of ‘false...
by Israel Udensi | Jul 22, 2024 | Blog
In today’s highly regulated business environment, compliance has become a critical aspect for institutions across the globe. Understanding the costs associated with compliance and non-compliance is essential for institutions aiming to operate successfully and...
by Israel Udensi | Jul 18, 2024 | Blog
In the ever-evolving landscape of financial services, performing due diligence and understanding high-risk customers has become paramount. The institutions and businesses are fraught with risks, and it is the responsibility of management to ensure business activities...