Albany Beck’s Post

Our newsletters are coming to LinkedIn! We'll be tackling some of the biggest issues and trends across the industry, with a focus on Change & Transformation, KYC & AML and Technology & Data. The Albany Beck newsletter will help you navigate the current challenges in global finance, whilst building your knowledge of the latest changes to compliance and regulations. If you want to learn from our team of industry experts, keep your eyes peeled on your LinkedIn inbox for an invitation to sign up. #AlbanyBeck #Newsletter #GlobalFinance #Guidance

Have you subscribed to our newsletters yet? Each month we’ll be focusing the content on one of three areas: ➡️ Data & technology ➡️ KYC & AML ➡️ Change & transformation In our next edition we’re talking all things KYC & AML, sign up today and you'll get our focused industry insights delivered straight to your inbox. You can choose to receive newsletters on one, two, or all three areas, just let us know your preference when you subscribe here: https://lnkd.in/eSWe7dtK #ABConsultants #FinancialServices #ProfessionalServices

The financial industry is evolving faster than ever, so keep up-to-date with all the latest issues, challenges and opportunities by subscribing to our newsletters: ➡️ Data and technology ➡️ KYC & AML ➡️ Change and transformation You can choose to receive newsletters on one, two, or all three areas! The choice is yours, simply sign up here and get our focused industry insights delivered straight to your inbox: 🖱️ https://lnkd.in/eSWe7dtK #Newsletter #ABConsultants

Struggling with compliance and fraud risks? TradeZact has you covered! Effortlessly automate AML checks and seamlessly integrate with major compliance lists to ensure secure, hassle-free operations. Reduce risks and stay compliant with ease. #TradeZact #Compliance #AML #Automation #RiskManagement #Fintech #SecureOperations https://lnkd.in/gmTiBuDv

According to a recent survey, almost half of financial firms have voiced concerns that current AML regulations lack clarity and fail to address the practical issues of modern AML operations. While there is concern for financial businesses, there is wide optimism that new AML regulations being introduced will aid particular issues, including data management, KYC documentation and automated processes. Read More 🔽 https://lnkd.in/eETbcgBW #financenews #aml #compliance #finance #kyc

In the world of Anti-Money Laundering (AML) compliance, the quality of your data coverage is critical – yet often overlooked. 🚨 Incomplete or inaccurate data during client onboarding isn’t just a small issue, it puts your firm at risk of non-compliance, financial crime, and long-lasting damage to your reputation. 🔎 Poor AML data coverage can lead to regulatory breaches, hefty fines, and increased exposure to high-risk individuals. Not to mention the operational inefficiencies it creates for compliance teams, forcing them into manual, error-prone checks. 💡 The solution? Proactively invest in comprehensive, accurate data sources, supported by modern AML software to automate and enhance client risk assessments. 👉 Address data coverage gaps: https://lnkd.in/eVfUHEby #FinTech - #RegTech | #AMLCompliance | #DataCoverage

🔍 The Importance of Diagrams in KYC In the world of AML compliance, diagrams are incredibly useful for understanding who owns what in a company. Here’s why: 1. Clear Understanding: Diagrams make it easy to see who the real owners are by breaking down complex ownership structures. 2. Quick Analysis: They help us quickly understand and make decisions about ownership, which is vital during reviews and investigations. 3. Better Communication: Diagrams help explain ownership structures clearly to others, making complicated information easy to understand. 4. Stay Compliant: Using diagrams helps us meet regulatory requirements, avoid penalties, and build trust. Using diagrams in KYC processes not only helps us stay compliant but also makes the financial system more transparent. #KYC #AML #Compliance #Transparency #RiskManagement

An interesting article on AML Compliance by ADVP member NorthRow #northrow #ADVP #aml #compliance #digitalidentity #identityverification #digitalid https://lnkd.in/e4MhYC9R

🌐 Navigating the Future of Compliance and AML 🌐 The role of compliance professionals is more critical than ever as we face rapidly evolving regulations and increasingly sophisticated financial crime threats. From Fintech to traditional banking, staying ahead of AML requirements and regulatory shifts has become a complex but essential task. 🔍 Key Focus Areas: - Adaptability to Regulatory Changes: New laws and regulations are reshaping the financial landscape, and it's essential to remain agile and proactive. - Leveraging Technology: Digital tools are transforming how we manage KYC, risk assessments, and Enhanced Due Diligence (EDD), allowing us to work smarter, not harder. - Global Compliance: As companies expand internationally, understanding cross-border regulations and aligning compliance efforts across multiple jurisdictions is vital. What excites me most about working in compliance is the constant evolution—there's always something new to learn, and every challenge presents an opportunity to strengthen frameworks and ensure financial integrity. 🌟 Whether you're a compliance professional or just interested in the field, what do you see as the biggest trend in regulatory compliance in the next year? #Compliance #AML #FinancialCrime #KYC #Fintech #RiskManagement

Too many organisations still have manual AML/ CTF workflows, are not automating tasks such as reporting to the regulator (ie working smarter automating SMR or IFTI submissions for example), there are certainly opportunities to be a lot more efficient in ways of working while also mitigating business risk. www.jadethirdeye.com Easy to use AML solution for Small => Mid-Tier => Enterprise Orgs. Scalable, Auditable, Secure; Transaction Monitoring, Watchlist Screening, Case Management and Reporting all in the one platform 👇