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KYC
This article explains how AML watchlist screening works, why it is necessary, and how businesses can ensure their screening process is both effective and up to date.
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KYC onboarding is the foundation of security, transparency, and fraud prevention. Let’s break it down step by step.
In this article, we discuss what know-your-customer (KYC) is, its importance, and the necessary steps to conduct effective KYC.
This article explores what an AML risk assessment entails and why it's essential for compliance and protection.
Meta announced they will discontinue their fact-checking programme and move to a Community Notes model. What implications does this have in the fight against financial crime?
As we conclude 2024, we reflect on the efforts made this year to combat financial crime and consider what companies should focus on in 2025.
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.
PEP checks are an essential step for effective AML work. In this article, we'll talk about what PEP checks are and tips for effective implementation.
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.
While Smurfs and money laundering may seem unrelated, the term "smurfing" originates from the small, fictional blue creatures from Belgium.
Safello has chosen Trapets Transaction Monitoring to support their anti-money laundering processes.
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.
130 billion SEK is laundered in the Swedish financial system every year. Lawmakers want to combat financial crime, imposing strict know-your-customer requirements in an increasing number of sectors.
The fight against money laundering and associated regulations has intensified, with the EU prioritising centralized control. In Sweden, money laundering cases have surged, leading to hefty fines for non-compliance with AMLD regulations.
In close collaboration with our customers, Trapets' compliance experts have developed a new screening list aligned with the EU's 50 per cent rule, enhancing KYC processes and ensuring compliance with sanctions guidelines.
Optimising your Know Your Customer processes is a crucial strategic measure beyond compliance with AML/CFT regulations. In this blog, we will explore three essential tips to enhance the efficiency of your KYC process and ensure compliance.