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Overcoming AML Challenges for Payment Service Providers

Customers expect transactions to be completed instantaneously and regulatory compliance should not stand in the way. In our latest blog, we discuss the ongoing regulatory requirements for Payment Service Providers (PSP's) and how they can deliver the best experience possible to their customers by reducing unnecessary delays during onboarding and processing payments quickly and easily. Read more

AML Obligations in the Legal Sector: Tech it Seriously

Technology is rapidly changing the way we live, work, and interact with each other. Law firms are looking to adopt digital solutions to deal with AML regulations. In our latest blog, we discuss why investing in technology will pay dividends for law firms over the long term, reducing the cost and risk involved in due diligence activities, while demonstrating efficiency to their clients and compliance to regulators. Read more

 

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Regulators Or Barbarians At The Gate

Regulators Or Barbarians At The Gate

Get the Basics Right: A company’s processes to identify its customers must be robust. We have seen recently from EML Payments that the pace of technology change is a major risk consideration in any corporate acquisition. In our latest blog by industry expert Gary McCarthy, we discuss why the ticking of regulatory compliance boxes rather than the deployment of better technology to understand customers can be detrimental.

Are you ready for the 6th Anti Money Laundering Directive (6AMLD)?

The European Union’s Sixth Anti-Money Laundering Directive (6AMLD) must be implemented by 3 June 2021. In our latest blog, we discuss increasing accountability for companies and 'legal persons', and why obliged entities must take the steps necessary to improve transparency and identify their clients to prevent and detect money laundering crimes throughout the customer lifecycle. Read the full blog now!

 

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Time to get serious about SEAR responsibilities

Time to get serious about SEAR responsibilities

The Senior Executive Accountability Regime follows a trend across the globe in recent years. There is an increased focus by regulators on individual accountability, particularly senior individuals, working in regulated financial services firms. In our latest blog series by industry expert Gary McCarthy, we discuss why regulated firms and senior executives in Ireland should be stepping up their preparations for SEAR. Now is the time to take stock of their current position to address gaps, enhance governance structures and transform existing AML operations.
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UBO Service shortlisted in the RegTech Insight Awards 2021

UBO Service has been shortlisted in 2 categories by the RegTech Insight Awards Europe 2021. The awards highlight RegTech solutions that have successfully improved firms ability to effectively respond to the evolving and increasing complex regulatory requirements across the global financial services industry. Read more

 

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A Golden Era for Dirty Money

Expert Series: A Golden Era for Dirty Money

Keep your KYC basic, not complex: The question for any board director in a financial services operation today is how does your current AML / KYC process look? Knowing who controls your customer remains a fundamental risk consideration. Not just for the company, but potentially a director too. In our first blog from industry expert Gary McCarthy, we discuss why new markets and products are critical for survival. Read more

UBO Service and RapidLEI partnership announcement for enhanced KYC compliance solution

UBO Service announces partnership with Ubisecure and RapidLEI, the world’s number one issuer of Legal Entity Identifiers. Connecting financial markets, companies, and regulators.

Combining LEIs with our UBO declarations will enhance regulated entities' Know Your Customer and Enhanced Customer Due Diligence obligations by digitally tying an entity to a legal declaration. Read more

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Ubisecure - Lets Talk About Digital Identity Podcast V1

UBO Service guest appearance on - Ubisecure Let’s Talk About Digital Identity Podcast

Our Managing Director Ben Cronin was delighted to be a guest on this month's Let's Talk About Digital Identity podcast. Ben joins Oscar from Ubisecure to talk about the challenges around verifying accurate Ultimate Beneficial Owner information. He also discusses how UBO Service is leveraging Legal Entity Identifiers for Know Your Customer and Enhanced Customer Dur Diligence and the Global LEI  foundation’s validation agent framework. List to the full podcast Now!

 

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