In this article, we'll explain what Customer Due Diligence (CDD) is, why financial institutions need to conduct effective onboarding and CDD, and how Trapets can help you improve your CDD process.
Politically Exposed Persons, or PEPs, are individuals who are or have been entrusted with central public functions, such as government officials, politicians, high-ranking military officers, and their immediate relations or close associates.
Winterflood Securities is a leading liquidity provider that is highly demanded to meet regulatory compliance to protect its clients. The team had utilised a transaction monitoring solution, but it felt left behind by antiquated technology.
The European Union has developed a new AML package to further strengthen the combat against financial crime across the territory. One important element is the new Anti-Money Laundering Authority (AMLA). Here's what you need to know.
Trapets CEO Gabriella Bussien advises banks, large and small, on how to reduce the 98% false positive rate and keep customers loyal amid a growing pool of alternative banking options.
In this article, we outline four practical steps that all financial institutions can follow to establish robust anti-crime KPIs and improve their risk models.
Understanding and implementing the Know Your Customer (KYC) framework is more crucial than ever for financial institutions to effectively fight financial crimes and maintain regulatory compliance.
As the leading Nordic mortgage provider grew rapidly, their previous AML solution fell short of keeping up with the large data volumes. Here is how Trapets meets the company's technology needs for improved AML processes and compliance.
It is crucial for your business to review its anti-money laundering (AML) risk model to prevent financial crime. Let’s explore how reviewing your AML risk model can improve your AML operations.
Financial crime is on the rise, and so are the regulatory requirements for know-your-customer processes. Since 2017, audit and accounting firms have had to comply with the Anti-Money Laundering Act and risk severe penalties if they fail.
