Banking regulations require all financial institutions to identify their customers and obtain relevant information prior to entering business relation...

Beneficial ownership is distinguished from legal ownership, though in most cases, the legal and beneficial owners are one and the same. Legally, an ow...

Compliance basically is adherence to set laws and regulations. This can be achieved through:   The process of identifying and analyzing the rules...

A Compliance officer in a financial institution is a much more important person nowadays than he was in the 90’s. This position is corroborated by s...

Why Compliance Is a Business Enabler, Not a Hindrance Compliance isn’t just a bureaucratic nuisance. When done properly, it can contribute greatly t...