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LEHI, Utah, March 4, 2021 /PRNewswire/ Leading anti-money laundering (AML) specialist SmartSearch U.S. has launched the most robust corporate customer verification solution on the market, in response to increased regulations passed by Congress at the start of the year.
In light of the newly-approved Defense Act, regulated businesses in the U.S. now need a more reliable corporate compliance program in place which ensures they know exactly who they are dealing with.
RegTech experts SmartSearch U.S. say its digital business fraud checks with data referencing and triangulation will give businesses the confidence that they are compliant with the new raft of AML regulation, as well as protecting against potential fraud.
The Small Business Administration (“SBA”) recently issued a
procedural notice (the “Notice”) to “All SBA Employees and Paycheck Protection Program Lenders” setting forth “Revised SBA Paycheck Protection Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw PPP Loans and Second Draw PPP Loans.” The Notice sets forth procedures Paycheck Protection Program (“PPP”) lenders must follow in approving First or Second Draw PPP loans under the 2021 Economic Aid Act.
PPP Experience To Date
As we discussed in a recent
blog post, with the third round of PPP funding currently underway, the government, through SBA and the Financial Crimes Enforcement Network (“FinCEN”), has begun taking steps to clarify lender compliance obligations in implementing the PPP. The onus of implementing the PPP has been on the private lenders participating in the program. The SBA reiterates this responsibility in the No
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THE Financial Intelligence Unit (FIU) an arm of the Reserve Bank of Zimbabwe (RBZ) has opened a fresh investigation into firms and individuals who are using shelf companies
RBZ probes shady tycoons and firms theindependent.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.co.zw Daily Mail and Mail on Sunday newspapers.