Insights

Entering a new country or securing a new payments or banking license can change a firm's sanctions and payment screening obligations, and the change usually arrives before the first local customer is onboarded.

With change comes uncertainty, as innovation advances on one side and regulatory ambiguity grows on the other. For financial institutions, the question is whether this shift represents freedom or fragility.

Financial institutions must bolster their anti-money laundering (AML) compliance programs, especially when facilitating international trade and payments.

This article explores drivers for change, CDD challenges, and how to implement an intelligent, perpetual KYC programme fit for the future.

FinScan has been named one of the most innovative tech companies for 2024 in FinTech Global’s first-ever FinCrimeTech50 list.