SmartSearch U.S. launch of advanced ID check sanctions and PEP
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Market-leading anti-fraud software solution now available in the U.S.
As we know, the whole world has had to change and adapt since the breakout of Covid-19, and at SmartSearch we’ve developed a solution, not only to respond to the growing threat but to stay a step ahead LEHI, Utah (PRWEB) December 15, 2020 SmartSearch U.S. is launching a market-leading anti-fraud software solution, which provides the most robust protection against organized crime attempting to launder funds or defraud businesses and financial institutions.
The outbreak of the coronavirus has left businesses in the U.S. more vulnerable to fraud as customer onboarding processes are less secure due to remote working and Know Your Customer (KYC) compliance is put at risk.
Suspicious transactions related to pandemic on the rise, says AMLC bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
How firms can manage rising compliance costs
Thursday December 10 2020
Immaculate Kassait during her vetting by MPs for the Data Commissioner post on October 20, 2020. PHOTO | JEFF ANGOTE | NMG
By ARNOLD KARANJA
Summary
It could be a new term but not necessarily a new concept as tech companies and banks have always developed and relied on technology for regulatory solutions. Regtech effectively uses machine learning, cloud computing, blockchain and big data to solve the ever-increasing regulatory and compliance requirements. In today’s world, compliance without technology to support it is ineffective and costly a small error of oversight can have catastrophic effects if regulatory breaches cannot be prevented,” observes Susanne Chishti CEO of FINTECH Circle in