Mitigating Business verification complexity with The KYB in MENA Region20 February, 2024 4 minutes read WhitepaperMitigating Business verification complexity with The KYB in MENA Region Anticipating the trajectory of KYB evolution in MENA, where continued technological advancements and regulatory adaptations pave the way for more robust verification practices and enhanced business transparency.
6AMLD Practices: Mapping Risk Factors and Opportunities13 February, 2024 4 minutes read Whitepaper6AMLD Practices: Mapping Risk Factors and Opportunities The European Union Agency for Criminal Justice Cooperation (Eurojust) reported that cross-border money laundering cases have increased within the EU, exceeding from 315 in 2016 to 3000 in 2022. What’s inside the Whitepaper?A Brief History of AMLDThe significance of 6AMLD for businesses and recent updatesBiggest challenges faced by Fintech industryRegulation and variation: Where 6AMLD is implemented?Difference between 5AMLD and 6AMLDRisks and opportunities of 6AMLDWhat does the future of 6AMLD hold; centralized control, rigid regulations, and moreIs 7AMLD on its way to revolutionize the business operationHow to maintain compliance with the AML regulationPlease enter your information to download the report. Valid Invalid numberBy clicking this you agree to ourKey HighlightsAdopting the 6th Anti-Money Laundering Directive, or “6AMLD,” which went into effect in June 2021, is one of the most significant recent developments with the recent update in March 2023 for compliance teams or any firm that is required to follow AML/CTF standards.6AMLD is a significant shift in EU policy that follows several high-profile businesses that cast doubt on the efficacy of the EU’s AML strategy. In March, the EU updated the AML/CFT policies, discussed the single rulebook regulation, and established the European Anti-Money Laundering Authority (AMLA) to increase the stringent regulatory approach to AML. Any business operating in the EU premises that wishes to avoid fraud and non-compliance fines in 2023 must invest in the appropriate AML-KYB technology. Nonetheless, businesses must ensure they have robust, flexible procedures that can adapt to the regulatory landscape to prepare for future changes. .
Navigate the Fintech Landscape03 October, 2023 4 minutes read WhitepaperNavigate the Fintech Landscape with Secure B2B OperationThe Fintech market is estimated to grow to $1.5 trillion in revenue while reaching a market value of 698.48 billion by 2030, growing at a CAGR of 20.3% from 2021 to 2030. What's inside the Whitepaper?Fintech: an innovative, growing industryA quick look back to 2022 and future insightsBiggest challenges faced by Fintech industryStriking a balance between industry trends and complianceInnovation in Fintech to embrace digital excellenceEliminating risk with KYBSecure Fintech activities and improve conversion ratePlease enter your information to download the whitepaper. Valid Invalid numberBy clicking this you agree to ourKey HighlightsFintech has seen unprecedented growth in 2022, but where opportunities exist, there is more competition and heightened regulatory scrutiny. The Fintech market has flourished recently, with more software companies vying to propel the financial sector into the twenty-first century. This is an exciting time for the financial, Fintech companies, and investors who are propelling the industry ahead.The incredible surge in Fintech brought not just the industry’s expansion but also numerous obstacles. Specifically, the financial restrictions as well as the legal concerns that come with the area. Without question, fintech has grown and adapted to the rigorous changes of time, leading to industry growth and transformation. However, the industry is still under pressure to advance regulation and keep ahead of sophisticated trends.Any Fintech company that wishes to avoid fraud or fines in 2023 must invest in the appropriate KYB technology and risk mitigation platform. Savvy thinking and improved technology may give Fintech the security and assurance that the market requires as it navigates difficulties in a volatile trading environment. Here are some strategies for preventing fraud, embracing digital excellence, balancing industry changes, and compliance in the industry. .
