White Papers

FinTech Approaches to Sanctions Regimes

We regularly hear that companies struggle with compliance benchmarking — what does low or high risk mean without something tangible to compare it to? Compliance with sanctions regimes is one area that we hear companies could benefit from additional clarification and benchmarking. As a result, we took part in a…

By RDC

Sanctions Screening: Navigating Today’s Connected Risk

Sanctions screening is a critical part of an effective compliance program, where access to accurate and up-to-date information is imperative. This paper provides an assessment of related sanctions risks, from relatives and close associates, to consequential criminal offences and methods of circumventing controls. The paper urges us to look beyond…

By Hugo Veazey

Payment Services Act in Singapore

The Payment Services (PS) Act came into force in January 2020 as a flexible framework for the regulation of payment systems and payment service providers in Singapore. The Act consolidates existing legislation to form a single framework whereby an activity-based approach to regulation is employed, with additional requirements imposed on…

By RDC Insights

Stop. Collaborate and Listen

Throughout history, criminals have mastered the art of collaboration. It is well established that criminal actors share their tactics, techniques, and procedures, including the processes by which they launder their ill-gotten gains. They have advantages over legitimate actors as they can be agile and responsive, have no data sharing concerns,…

By RDC

Adverse Media: No News Is Bad News

Adverse media – or negative news – screening is widely regarded as a critical component of today’s financial crime risk management process. Yet many financial institutions struggle to operate adverse media screening efficiently or they simply haven’t yet found the means to – citing challenges such as cost, resource and…

By RDC Insights

AI and FinTech: An Intelligent Choice or Artificial Hype?

Fintech companies are founded on the premise of the value of technological innovation, and therefore AI is an inherently attractive possibility. But as the hype cycle around AI and machine learning begins to round off and real value emerges, have fintech businesses embraced AI in the fight against financial crime?…

By RDC Insights

Driving ROI: The Business Case for a Comprehensive Due Diligence Solution

Organizations are continually challenged to improve their due diligence programs. Regulators are increasing the pressure on organizations to extend AML/KYC screenings by improving insight into all customer segments, including low risk groups like retail customers and third party providers. This is a high bar for compliance officers, expecting exhaustive screening…

By RDC Insights

Improving the Impact of Adverse Media Screening For FinTech Companies

The accelerating flow of news has presented both opportunities and challenges for risk and compliance professionals looking to utilise adverse media for customer screening. On the one hand, adverse media is an expansive source that can help surface potential criminals not found in traditional PEP and sanctions lists. On the…

By RDC Insights

Demystifying AI and Machine Learning

You can’t go far in the business world today without encountering buzz about data and “cognitive technologies” such as machine learning and artificial intelligence. Yet despite the hype, it’s not always easy to find a ready, layperson’s explanation of what these technologies are and why they are so significant in…

By RDC Insights