Financial institutions across the United States have grappled with compliance requirements under the Customer Identification Program (CIP) Rule for more than two decades. A new exemption, approved in ...
Identifying and verifying corporate banking customers shouldn't be the time-guzzling, resource-draining, manual effort it is today. At present, it can take banks months of research and analysis to ...
On May 13, 2024, the US Securities and Exchange Commission (SEC) and the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly issued a notice of proposed rulemaking that ...
Customer Identification Programs (CIPs) were put in place to reduce identity fraud for individuals and banks, but these programs fall short in complying to various Anti-Money Laundering (AML) and Bank ...
Singaporean regulator Infocommunications Media Development Authority (IMDA) has partnered with three Asian banks for the trial of a new Blockchain technology-based customer identification system proof ...
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