KYC and Payment Services.

The challenges of KYC KYC (Know Your Customer) refers to the process by which financial institutions and payment services verify the identity of their customers and collect relevant information to reduce the risk of financial crime, such as money laundering and terrorist financing. While KYC is very important for ensuring the integrity of [...]

By |2023-07-14T09:25:22+00:00June 27th, 2023|KYC/CDD, News, Uncategorized|Comments Off on KYC and Payment Services.

KYC policy; more than files in order

Reduction in regulatory burden for smaller organizations not expected Last week (May 17, 2023), the House of Representatives was briefed on the "status of the policy agenda to address money laundering. One of the agenda items is the "balance of obligations and burdens for small institutions. Previous research by EY, commissioned by the [...]

By |2023-07-14T09:25:01+00:00May 26th, 2023|KYC/CDD, Longread, News|0 Comments

Useful feedback from the AFM for investment fund managers?

Only narrowly satisfactory for investment fund managers Investment fund managers recently received a narrow enough rating from the Financial Market Authority (AFM) for compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act. What points do managers now need to work on, according to the AFM, and what comments [...]

By |2023-05-26T09:02:19+00:00May 2nd, 2023|KYC/CDD, News|Comments Off on Useful feedback from the AFM for investment fund managers?

Homework from the AFM!

The Financial Markets Authority (AFM) recently concluded, following its own exploratory research, that there is still much work to be done when it comes to the reporting of the impact of climate change and energy transition by listed companies. The immediate reason for the study was the Corporate Sustainability Reporting Directive (CSRD), which will [...]

By |2023-05-26T09:01:54+00:00April 6th, 2023|KYC/CDD, News|Comments Off on Homework from the AFM!

KYC-CDD 2.0

Three key challenges KYC/CDD process Getting a business account opened quickly or an investment account opened for a prospect is often out of the question. Especially when it involves aorganization that operates in an industry identified as susceptible to money laundering , terrorist financing and/or otherwise vulnerable to integrity risks, it may even [...]

By |2023-05-26T09:01:40+00:00March 17th, 2023|KYC/CDD, Longread, News|Comments Off on KYC-CDD 2.0
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