CubeIQ Blog - CubeIQ Limited

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.

CubeIQ 2017 & 2018 Internship positions for software developers.

CubeIQ AML and Compliance Web Site is published with New Appearance and Structure.

CubeIQ supports the 15th Bank Management Conference by Boussias Communications’ Banker's Review on Tuesday, November 14th, 2017.

CubeIQ can help organizations meet their obligations under GDPR, EU Regulation 2016/679, by implementing a holistic approach to GDPR compliance.

The goAML™ software is part of The United Nations Office on Drugs and Crime strategic response to crime, particularly to serious and organized crime such as terrorist financing and Money laundering.

We are looking for talented, smart, ambitious and enthusiastic people to join to our professional and experienced team. Given our growth, we have several full-time opportunities available in software research and development.

The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors such as financial/public transparency and judicial strength.

HID ActivID® Credential Management System - CMS 5.0 is the only offering in the industry that makes it possible for organizations to create, manage and use a single PKI smart card for both logical and physical access – using an integrated solution from a single vendor.

HID Approve™ is a next-generation two-factor authentication solution that combines the security of public key-based cryptography with the convenience of mobile push notifications. HID Approve™ delivers a simple and secure way for users to authenticate and verify their transactions.

HID Approve™ is a next-generation, strong authentication solution that delivers a simple and secure way for users to authenticate access requests and verify their transactions.

Jurisdiction Undertaking First Exchange of Information By 2017

Review & Reports Elements on CubeIQ AML systems operation evaluation program for Banks and Financial Institutions requiring to evaluate the configuration and setup of their AML operations.

CubeIQ and SafeNet join forces to address GDPR compliance challenges. * SafeNet is a business unit of Gemalto B.V.

CubeIQ is launching an AML Systems operation evaluation program for Banks and Financial Institutions requiring to evaluate the configuration and setup of their AML operations

May 25th 2018 is the date that the General Data Protection Regulation (GDPR) will be set in force. Six steps for companies and organizations to achieve regulation compliance.

There is a little over a year before the General Data Protection Regulation (GDPR) applies, May 25th 2018 and the changes it will bring to the world of business are immense. Companies and Organizations addressed by the regulation that will not comply on due date will face heavy fines.

EMV chip technology adoption has enabled issuers to efficiently fight “card present” fraud. However, consequently fraud is increasingly moving to “card-not-present - CNP” transactions which are performed mainly in eCommerce stores but also through mail & phone order.

The largest smart card, payment and identification exhibition in the eastern hemisphere, 31 of May to 1 of June, Dubai, UAE. www.terrapinn.com/exhibition/cards-and-payments-middle-east

We are looking for talented, smart, ambitious and enthusiastic people to join to our professional and experienced team. Given our growth, we have several full-time opportunities available in software research and development.

Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 addresses AML/CFT requirements for Non-Financial institutions and companies and defines which Non-Financial institutions and companies are AML/CFT Obliged Entities and therefore should implement an AML Compliance Program.

Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 defines that Customer Due Diligence – CDD is obligatory to several Non-Financial institutions and companies’ categories. CubeIQ is providing AML On-Line™ service for on-line names filtering against Specially Designated Nationals – SDN List.

In the past, the need for extensive investments had made the implementation of bank cards instant issuance systems, in many cases, impractical. Now, with CubeIQ new approach on Instant Issuance, financial institutions can issue cards simply and cost-effectively in their branches and other remote locations.

The Leading Trade Fair for Retail Technology, 23 to 25 of February 2016, Dusseldorf, Germany. www.eurocis-tradefair.com

The Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 continues to apply a risk-based approach to AML/CFT and enhances the required compliance measurements. Fourth (4th) Money Laundering Directive focuses on the areas that are most open to money laundering and define procedures and actions to identify, assess, understand, mitigate and manage them effectively.

Obliged entities under the 4th Money Laundering Directive (EU/2015/849) are companies, institutions, organizations and legal entities that need to develop and put in place policies, controls and procedures to monitor and enhance measures and actions taken for AML/CFT activities.

As gambling services posing higher risks, several provisions have been taken under the current Greek AML laws and regulations (fulfilling EU 3rd Money Laundering Directive 2005/60/EC and its amendments). This article stipulates the current AML KYC Requirements in Greek Gambling Industry.

The Directive (EU) 2015/849 of the European Parliament and of the Council of May 20, 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC, has been published on June 5, 2015.

In the past, the need for expensive card personalization equipment has made in branch financial instant issuance service impractical. Now, with CIIS™ an Instant Issuance solution from CubeIQ which operates with several core banking and card management systems but also as a stand-alone product, Banks, Financial Institutions, Credit Card Companies, Credit Unions and Independent Service Providers can issue and personalize cards simply, easy and cost-effectively.

For several years banks and card issuing financial institutions are using a centralized approach in personalizing bank cards followed by the typical mail service for sending the card and the corresponding PIN to their customers. This process would take from 5 days to 2 weeks and in some cases up to 4 weeks.

As FATCA (Foreign Account Tax Compliance Act) is executed in full from Tax Authorities and Financial Institutions in the majority of EU Member States, we are publishing a document with Frequent Asked Question on what FATCA is imposing on US Citizens and US Green Card holders.

Automatic Exchange Of Information between EU Member States, schedule and deadlines.

European Commision Directive 2003/48/EC, "The European Union Savings Directive - EUSD", is repealed.

CubeIQ’s FATCA reporting module is an add-on to PCS™ FATCA enhanced EDD Reporter™ module and it is a full web based application with multiple functions which enables Financial Institutions to meet their FATCA reporting mandates.

CubeIQ is offerings an extensive range of security products and solutions.

Automatic exchange of information in E.U. or International level has increase the burden for mandate reporting to E.U. financial institutions.

Cooperation of EU Member States and Non-EU jurisdictions for automatic exchange of information (“AEI”) for tax purposes starting in 2017 for all financial information related to 2016 transactions.

The European Council of Economic and Financial Affairs (ECOFIN) on October 14th, 2014 agreed to an amendment of the Directive on Administrative Cooperation in the Field of Taxation ("DAC"), adopting EU Directive 2014/107/EU.

We are looking for talented, smart, ambitious and enthusiastic people to join to our professional and experienced team. Given our growth, we have several full-time opportunities available in software research and development.

FATCA signed into law by US President at March 18th 2010 and its implementation over the past several years has triggered creation of corresponding regulations and legislations within EU member states and European Union and non-EU jurisdictions.

Every document security and DRM vendor claims their solution is bigger, better and faster than the others. It is vital to evaluate these claims and potential issues before a solution is purchased.

We will take a look at two lesser-known features available in FileOpen software that protect your all-important data; screen-capture prevention and user identifying watermarking.

The motivation to develop a quality test is derived from a belief that there is value in the quality of the test itself. It is more important to spend time developing one high quality test than spending the same amount of time developing ten low quality tests.

CubeIQ Limited announces the Official Launch of its Blog.