XTND’s Post

GLEIF and Swift are expanding their collaboration to provide certification for the mapping of Swift's Market Identifier Code (MIC) to the Legal Entity Identifier (LEI). This open source file will allow market participants to link and cross-reference key entity identifiers free of charge, easing compliance, KYC, regulatory reporting, and due diligence. The collaboration builds on a cooperation established in 2018 to link the Business Identifier Code (BIC) to the LEI. The MIC is an ISO code used to process and clear trades, and is gaining traction as securities industries move toward straight-through-processing. This significant step towards facilitating compliance and reducing costs for market participants comes as GLEIF has previously certified a mapping relationship between International Securities Identification Numbers (ISIN) and the LEI working in collaboration with the Association of National Numbering Agencies (ANNA). The resulting ease of gathering, aggregating and reconciling counterparty information will make it easier for market participants that use GLEIF and/or Swift data to conduct their business with confidence.

Tired of filling out KYC for every single project that you invest in? ✅ The Investor Portal allows investors to complete KYC just once, regardless of the number of investments they intend to participate in on Blubird. ⏰ Investors not only save time by eliminating repetitive submissions but can also accelerate the investment process by engaging with multiple projects without unnecessary delays. 🔒 Full control of your data: Blubird does not have access to investor KYC data, meaning only projects will only see if a person has already KYCd. Get started: https://lnkd.in/eZUNh-df

Want to combine your AML requirements and Source of Funds check into one simple straight forward check. 2 Steps Step 1: Watch this Video https://lnkd.in/eiww-EQc Step 2: Message me and we can get started.

Did you know 45% of those who participated in our recent LinkedIn survey believe Safeguarding Customer Assets and Resilience and Security are the most critical principles for progress in the #DigitalAsset space?  Safeguarding Customer Assets is the 4th foundational principle of the 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 (#DASCP) 🔸 What is the Regulatory Compliance principle about? 🔸 What are the potential risks involved? Check the slides to find out 👇 Euroclear, The Depository Trust & Clearing Corporation (DTCC), Clearstream, Boston Consulting Group (BCG)

Australia’s WINR Data Partners With One of Europe’s Leading Providers of Credit Information Creditinfo Group Creditinfo has chosen WINR to help safeguard its services against fraudulent activity in over 30 countries with an additional layer of identity verification. The new partnership enables one of Europe’s leading providers of credit information and risk management solutions to access WINR’s significant data asset of deterministic identifiers via a single API. With 33 bureaus across four continents, Creditinfo Group facilitates access to finance in both mature and emerging markets. WINR’s international consortium of privacy-compliant data spans the EU, Latin America, Asia-Pacific and more making it the ideal partner to bolster trust among Creditinfo’s clients worldwide. https://lnkd.in/eMpkjdtF #money2020 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

SCORES 2.0 New Technology to strengthen SEBI Complaint Redressal System for Investors   The SEBI has launched the new version of the SEBI Complaint Redress System (SCORES 2.0) today. The new version of SCORES strengthens the investor complaint redress mechanism in the securities market by making the process more efficient through auto-routing, auto-escalation, monitoring by the ‘Designated Bodies and reduction of timelines. The new SCORES system has also been made more user Some of the salient features of SCORES 2.0 are as follows:   1.    Providing two levels of review: First review by the ‘Designated Body’ if the investor is dissatisfied with the resolution provided by the concerned regulated entity. Second review by SEBI if the investor is still dissatisfied after the first review.   2.    Introduction of auto-escalation of complaint to the next level in case of nonadherence to the prescribed timelines by the regulated entity or the Designated Body as the case may be.   3.    Integration with KYC Registration Agency database for easy registration of the investor on to SCORES

KYC/FICA requirements have become even more stringent - https://bit.ly/48A58RK We understand that getting to know your clients (KYC) and fully complying with the Financial Intelligence Centre Act (FICA) can be a challenging task - especially when there are so many requirements involved. DocFox

On July 26, the OSC Registration, Inspections and Examinations (RIE) Division released its Summary Report for Dealers, Advisers and Investment Fund Managers (Report), an overview of its compliance and registration activity for 2023-2024. Read PMAC's full summary of the report here: https://rb.gy/6nt0eg   The Report highlights several compliance deficiencies observed by Staff, along with the OSC’s expectations with respect to each. The OSC seems to be focusing on its concerns with specific business models and arrangements. The Report indicates that publication of the results of the KYC, KYP and Suitability sweep is upcoming – PMAC members will want to keep an eye out for this!

LBMC provides tailored AML solutions, including risk assessments, policy development, and training programs. By leveraging advanced tools for transaction monitoring and implementing robust Know Your Customer (KYC) and Enhanced Due Diligence (EDD) protocols, LBMC ensures that its clients remain compliant and resilient against financial crime. Through its expertise, LBMC not only helps businesses meet regulatory requirements but also empowers them to contribute to a transparent and secure financial ecosystem, aligning with the UAE’s vision of a trusted global financial hub.

⏳ Time & cost efficiency with Baltic Exchange KYC Our platform allows you to conduct quick, comprehensive KYC checks without the need for long-term contracts. With a flexible, credit-based system, you only pay for what you need. No more time-consuming manual searches - get the results you need instantly. Start using the Baltic Exchange KYC Platform and streamline your compliance process. 🔗 Explore the platform: https://bit.ly/3Yallv3 #KYCPlatform #CostEfficiency #BusinessCompliance #BalticExchange