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Best Practices: Compliance for Banking as a Service (BaaS)
Regulators have increased scrutiny of BAAS partnerships, raising the need for comprehensive compliance programs across sponsor banks, fintech partners and BAAS middleware providers. Learn more about compliance best practices across BAAS and what to look for in a compliance provider.
KYC and AML Fundamentals for Fintechs: 2024 Guide to Navigating Compliance
Fintechs—from crypto exchanges to cross-border remittances providers—face unique challenges to comply with existing Know Your Customer and Anti-Money Laundering (AML) obligations. Read on to understand key regulations impacting fintechs and how to comply with customer onboarding, monitoring and transaction screening requirements.
Best Practices: KYC Onboarding Screening
Discover essential strategies for KYC Onboarding Screening. Ensure your financial services remain compliant and secure with our straightforward, expert guide on customer verification and risk management.
Sanction Screening 101: Why and How
This in-depth sanction screening guide explores the importance of maintaining organizational compliance with international regulations.
AML/KYC Data for Identity Verification
Identity Verification (IDV) is increasingly the first formal interaction users have with a business, sometimes even before providing their credit card number. This process is extremely difficult because the user expects it to be quick and frictionless, while the government expects it to be thorough and to check a number of legal requirements, including Knowing Your Customer (KYC). This becomes the first compliance check point for a business, and integrating watchlist checks into this step is crucial. After all, someone can have a valid ID, but still be on a terrorist watchlist.
How to Effectively Screen PEPs
Screening your customers and business counterparties to identify PEPs is an important part of a risk-based approach to AML compliance. Doing business with politically exposed persons is not prohibited, but organizations are mandated to identify PEPs and take appropriate measures to reduce money laundering risks.
KYC Screening for Financial Services: Achieving Accuracy, Speed and Reliability
The financial services industry is subject to the most stringent KYC requirements for risk screening, and generally has high transaction volumes. This combination highlights the need for accurate, reliable, and quick solutions. With watchlist data updated every 5 minutes and a patent-pending data enrichment process, Castellum.AI improves screening accuracy and frees up compliance teams to focus on important work instead of processing false positives.
Compliance in the UAE: Sanctions Screening Guide
A complete guide on how to comply with sanctions screening requirements in the UAE. Which companies have to screen sanctions, and which sanctions have to be screened? This depends on your business, your customers, and your suppliers.