The real estate industry is at the center of regulatory compliance.
Increasing AML regulations in the insurance industry require insurance companies to provide evidence of adequate, risk based AML/CTF, KYC/CIP and EDD, programs that are in place and running.
On July 23, 2014, the European Commission published the electronic identification and trust services (eIDAS) Regulation as Regulation 910/2014. On July 1, 2016, eIDAS took effect, replacing the existing EU directive on electronic signatures. Any EU member state law that was inconsistent with eIDAS was automatically repealed or replaced.
Implementation of Electronic Signature technology in Banks, Insurance companies and Financial Institutions increases customer service quality, increases process automation and decreases operating cost.
Money laundering in the insurance industry is on the rise while life insurers require to report all transactions suspected of being connected with money laundering or terrorist financing.
One of the new rules introduced by the PSD2 is mandatory transaction monitoring. As defined in the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC), transaction monitoring will become mandatory for all payment services providers.
Ελληνική Δημοκρατία, Υπουργείο Οικονομικών, Δημοσίευση Έκθεσης «Εκτίμησης Εθνικού Κινδύνου για τη Νομιμοποίηση Εσόδων από Εγκληματικές Δραστηριότητες και τη Χρηματοδότηση της Τρομοκρατίας».
Banking institutions require to meet the customer demand, offering supreme protection and the strongest identification authentication management.
In March 2018, two years are closing from the date that U.S. Federal Financial Institution Regulatory Agencies issued a common guidance clarifying the applicability of the Customer Identification Program (AML/CIP) rule to prepaid cards issued by banks.
On 25 June 2015, the EU 4th AML Directive (EU 2015/849) was enacted, which replaces the previous EU 3rd AML Directive (2005/60/EC) and the related implementing measures Directive (2006/70/EC). With a two-year window for implementation, all EU member states must be compliant with the new mandates by 26 June 2017.
O Γενικός Κανονισμός για την Προστασία των Δεδομένων - General Data Protection Regulation (GDPR) εγκρίθηκε από το κοινοβούλιο της ΕΕ στις 14 Απριλίου 2016, αριθ. Κανονισμού 2016/679, και τέθηκε σε ισχύ 20 ημέρες μετά τη δημοσίευσή του στην Επίσημη Εφημερίδα της ΕΕ. Ως κανονισμός εφαρμόζεται άμεσα σε όλα τα κράτη μέλη της ΕΕ δύο χρόνια μετά τη θέση σε ισχύ, στις 25 Μαΐου 2018.
Over the last years US, EU and UN have imposed sanctions to a number of countries and jurisdiction. In this article we have gathered the Sanctioned and Debarred Countries.
The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union in operation since 2011. It was proposed by the European Commission in 2009 in response to the financial crisis of 2007–2008.
The revised Payment Services Directive (PSD2), which enters into application on 13 January 2018, will facilitate innovation, competition and efficiency. Read the full European Commission Fact Sheet about PSD2.
CubeIQ’s AML & Compliance Solutions covers all the essential elements of an AML compliance solution, part of the four-part AML program required by International anti-money laundering laws and additional peripheral software solution that create a unique solution and services proposition in the regulatory compliance market.