In 2017, a survey was conducted in Italy, which included 164 small companies, about whether or not they performed risk assessment and if so, on which areas. It showed that 86% of companies conducted a regular risk assessment. The most common tests were on cyber attacks and general fraud, and managing risk profiles regularly to […]
Why Do AML Rules have to be Frequently Adjusted for Efficient Detection?
The global AML (anti-money laundering) software industry is growing each year with an expected growth of up to USD 1.7 billion by 2023. These softwares are introducing newer ways to counter money laundering, such as AML tuning and optimization. The enhancement of countermeasures is directly proportional to the rise in money laundering cases and the […]
4 Effective Tips to Stand Out at a Career Fair
There are few opportunities better than a career fair when it comes to networking with business professionals and employers. From gaining meaningful connections to making your job prospects secure after graduation, you must make a great impression while attending the event. In this article, we offer you 4 effective tips to stand out at a […]
7 Smart Travel Tips for Your End of Year Vacation
As we stand at the edge of the old decade and look towards welcoming the new one, let’s take some time to look back at the last year and be grateful for everything it has given us. May the next one also bring us lots of joy, merriment, and moments to be grateful for. As […]
Is the US Economy Headed for a Recession?
With increasing trade tension with China, the rise of new protectionism across major markets, dismal growth for the current quarter, as well as declining confidence in the domestic consumer market, many alarmists are claiming that the US economy is headed for a recession. However, growth forecasts from leading economists paint a less negative image of […]
The Importance of KYC during the Holidays
Before a transaction can be made and a deal can be struck, it is crucial to make sure that the client you’re working with is not the wrong person. KYC (Knowing Your Customer) is a term that refers to the process of verifying the identity of clients, and assessing any potential risks or ill intentions […]
4 Ways Millennials Are Changing the Workplace
The culture and makeup of the US workforce is rapidly experiencing change as boomers start to retire, while millennials become the new majority. Compared to baby boomers, the newer generation comes with a completely different mindset and set of values when it comes to working. Companies have to adjust their work policies, and how they […]
How RPA Helps With AML Compliance?
To counter the rising cost of AML (Anti-Money Laundering) compliance, many financial institutions are making smart use of RPA (Robotic Process Automation) to deliver superior performances. Continue reading to know more about what RPA is and how RPA helps with AML Compliance. What is RPA? RPA is a form of A.I work automation technology. What […]
5 Warning Signs You Need to Switch Your Job
When was the last time you actually looked forward to going in to work? If you can’t remember, it is likely that you are not satisfied with your current job and should consider looking for other positions. We present you with 5 warning signs you need to switch your job. 1. You Don’t Feel like […]
A More Holistic Approach to CDD (Customer Due Diligence)
According to a Thomson Reuters KYC global survey, a majority of financial institutions think that enrolling new corporate customers has grown more difficult and takes longer. This stems from an increasingly stringent KYC regulatory environment and outdated CCD practices that are unable to keep up with the changing realities of the global financial system. In this […]