Cogent Technology Associates’ Post

In a world of shifting regulations and intricate ownership webs, verifying Ultimate Beneficial Owners (UBOs) is no longer a back-office task - it’s a frontline defence against risk. 📊 And accurate, reliable data? That’s your greatest ally. Here’s how precision transforms UBO verification: 🔗 Untangle complex ownership chains: Spot the real decision-makers hidden behind layers of corporate structures. 🔒 Safeguard your compliance: Reliable data ensures your processes align with global AML standards, protecting you from fines and scrutiny. 💡 Act with confidence: Precision fuels smarter, faster decisions - helping you steer clear of financial crime and bad actors. The cost of inaccurate data is steep: missed risks, penalties, and broken trust. But with a foundation of accurate insights, you’re not just meeting compliance requirements - you’re building a reputation for integrity and reliability. 🚀 Ready to uncover the truth behind ownership? https://lnkd.in/eUWFeMtX #AMLCompliance | #UBO | #KYB

𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐏𝐥𝐚𝐧𝐬: 𝐘𝐞𝐬, 𝐖𝐞’𝐫𝐞 𝐒𝐞𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬! 🧐📋   We loved Ros Lynch’s presentation last week on Compliance Monitoring Plans – does that make us a bit geeky? Maybe! But if you get your CMP right, everything else should follow. The “3 Lines of Defence” model is a powerful framework, though not always practical for smaller firms. A great question was raised on its relevance for Designated Businesses outside the Isle of Man Financial Services Authority Rule Book. We replied with a pointer to Part 8 of the AML/CFT Code, which mandates self-testing for internal compliance with Code requirements. This is where we come in to help! 🤓 #ComplianceMonitoring #3LinesOfDefence #AMLCompliance #RiskManagement

A pleasure speaking at ComplyAdvantage PowerUp '24 - debating with Jane Jee and Iain Armstrong: are firms more interested in merely complying with regulations or truly stopping financial crime? At TransferMate Global Payments as Global Head of AML, my mission is to eradicate financial crime from our business. Our focus is on preventing real risk while ensuring that good clients aren’t delayed by over-cumbersome compliance controls. By leveraging advanced technology and adopting a risk-based approach, we aim to streamline our processes and enhance both efficiency and effectiveness. Let’s create a compliance culture that protects and serves our clients better. #globalpayments #AML #Compliance #FinancialCrimePrevention #RiskManagement #FinTech

🔍 Compliance Matters: Don’t get Fic’ed🔍 The recent R15,9 million fine imposed on Old Mutual by SARB serves as a harsh reminder of the importance of regulatory compliance. As businesses, the stakes are high, and failing to meet standards can have serious financial and reputational consequences. 💼💸 The Good People Data Company helps you stay ahead of compliance requirements. With our trusted verification services, you can safeguard your business against regulatory risks, ensuring your company meets all necessary standards while fostering transparency and accountability. ✅ Partner with us for: -Real-time ID verification -Secure, automated onboarding processes -AML and KYC solutions Avoid costly fines, protect your business, and work with the experts in data and compliance. 📊🔐 #ComplianceFirst #RiskManagement #AML #KYC #DataSecurity #TheGoodPeopleData #Fraudprevention

Paul Nola and We Live Context have done a great job – again – helping us put together Moody's Entity Verification study. This behind-the-scenes look at what they did and how they did it is a special treat! I won’t give you any spoilers of what Paul and Alex Pillow had to say when they met on KYC Decoded. Suffice to say, we’re all really proud of the results that show very clearly why entity verification needs to be at the heart of all successful #KYC, #Compliance, #supplychain and #RiskManagement activities. Because if you don’t know who you’re doing business with, how can you know what kinds of risks you’re taking? 🤷 #EntityVerification https://lnkd.in/eghBdvJF

Compliance with anti-money laundering (AML) regulations has never been more important. It is not only required to comply with legal requirements, but it also protects your firm from potential risks and increases its credibility. Wells Accounting and Task Services makes SCUML registration simple and straightforward, ensuring that your organization is fully accredited and compliant with AML regulations. Our services include a shortened SCUML registration process for rapid certification, expert compliance advice, and continuing assistance to maintain business security and compliance. Allow us to handle the details of registration so you can focus on building your business with confidence. Begin immediately by contacting 091-3377-1456 or visiting wellsaccountingtax.com! #scumlregistration #amlcompliance #businesssecurity #regulatorycompliance #compliancepros #smesolutions #businessgrowth

Initiating and executing Know Your Customer (KYC) reverification doesn’t have to be a challenge. Register now to learn how it’s done: https://ow.ly/fWH650Tj6i9 Join our panel of compliance experts, Kim Wrobel and Mark Southby with special guest Ronald Daliya CAMS, Director, Financial Crime at Intelleqt Consulting, for a masterclass in KYC reverification: cost-effective strategies for operational excellence. #KYC #KYCReverification #AMLcompliance

"Implementing robust KYC processes is essential for safeguarding our business and customers. By verifying identities and assessing risks, we not only comply with regulatory requirements but also build trust and security in our financial transactions. #KYC #Compliance #CustomerTrust #RiskManagement"

What sets KYC360 apart from other RegTechs? We were established by the original founder of the International Compliance Association. We have a unrivalled depth of subject matter expertise that allows us to address the unique compliance challenges of our customers. Discover why over 1200 customers in 100 countries utilise our solutions to comply and outperform: https://lnkd.in/enK8WgRj #compliance #kyc