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Month: August 2018

September 2018 Issue

Posted on by Clari5

Proud to be Finalist!

In association with CIR magazine, the Institute of Risk Management (IRM) annual Risk Management Awards recognize individuals, organizations and teams that have significantly added to the understanding and practice of risk management. CustomerXPs is shortlisted for the 2018 Risk Management Awards.

Infographic: CDD – What, Why & How?

FinCEN rules to strengthen Customer Due Diligence requirements contain explicit requirements + a new requirement to verify the identity of beneficial owners. What do these new compliance requirements mean for banks?

ACFE Report to the Nations on Fraud

The 10th edition of the Association of Certified Fraud Examiner’s global study features 2690 real cases of occupational fraud, data from 125 countries, includes 23 major industry categories and explores the costs, schemes, victims and perpetrators.

AML in an Era of Crypto-currencies

While Anti-Money Laundering laws and mechanisms prevent money obtained illegitimately from entering the formal economy, it is a constant battle between the launderer and the regulator. As the financial ecosystem keeps evolving with new products, instruments and processes so do the potential for misuse of these avenues for laundering.

Customer Due Diligence: What, Why & How?

Posted on by Clari5

New FinCEN rules under the Bank Secrecy Act to strengthen customer due diligence (CDD) requirements for banks, brokers/dealers in securities, mutual funds and futures commission merchants contain explicit CDD requirements + a new requirement to verify the identity of beneficial owners of legal entity customers. What do the new compliance requirements mean for global financial institutions?

Customer Due Diligence: What, Why & How?