Blog

Brexit Risks in the Fight Against Money Laundering

Cooperation probably isn’t the first word that springs to mind when reflecting on the Brexit negotiation process to date. Yet it is cooperation between EU member states which continues to play an important role in our joint fight against financial crime. So how much of a risk is the UK’s…

By Hugo Veazey

Fighting Financial Crime Together

In his latest blog post, CEO, Tom Walsh, explores how the UK’s plan to prioritize partnership and innovation is pointing the way in how to fight financial crime. Friends, I want to start by saying ‘thank you’ to those of you who provided feedback to my first post a week…

By Tom Walsh

6AMLD – EU Sixth Anti-Money Laundering Directive

What is the EU Sixth Anti-Money Laundering Directive? As part of efforts to ensure convergent and effective financial supervision, the European Parliament and the European Commission drafted a proposal in September 2018 to create not only stronger, but also more harmonised rules for the financial markets. This directive, which is…

By Hugo Veazey

RDC and HSBC extend agreement to help combat money laundering with industry-leading customer screening solutions

Partnership will build on the success of the past seven years in preventing criminal infiltration of HSBC’s financial systems and see new AI-driven enhancements implemented globally. King of Prussia, Pennsylvania / London UK – July 8, 2019 – RDC (Regulatory DataCorp), the global leader in compliance screening, has extended its…

By RDC Insights

Eight Reasons Why Search Engines Are Not Due Diligence

Search engines are free, easy to use and powerful. Could you use them to run a KYC/AML screening program? You could – but in the end, it will expose you to significantly more cost and risk than opting for a purpose-build solution. Here are eight reasons why. 1. DATA FROM…

By RDC Insights

Compliance is a Competitive Advantage

It is amazing how often this notion still is dismissed out of hand. To many, the thought is simply incredulous: “Compliance is nothing more than a tick-the-box business: do the minimum, stay out of trouble and focus on growing your business through all other means.” There is absolutely no benefit…

By RDC Insights

Dan Adamson: Sorry, But a Google Search Isn’t Due Diligence

(A version of this article was originally published in the The FCPA Blog) I cringe when compliance teams rely solely on Google to investigate and make decisions. No offense intended to Google, but it’s simply not designed for sophisticated investigations. Yet, an overwhelming majority of compliance teams employ Google as…

By RDC Insights