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.
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.
Money laundering has been a global issue for decades, and the fight against it continues to pose challenges. In this article, Dan Sjöholm, Chief Strategy Officer at Trapets, shares his insights on anti-money laundering efforts throughout the years.
KYC information is crucial for an organisation's AML efforts, as it helps it meet regulatory requirements, reduce risk, and make better business decisions. In this article, we explore the importance of implementing KYC processes.
The FX company's AML activities were manual and time-consuming, hampering the growth of the business. This is how Trapets’ solution for transaction monitoring overhauled the customer’s inefficient systems.
