DueDil extends proactive monitoring functionality to help financial organisations mitigate remediation and simplify compliance with its Continuous Updates product
(0) LONDON, March 10, 2021 /PRNewswire/ -- London-based RegTech DueDil announces new release of its Continuous Updates product to help clients automate keeping customer data up to date and alleviate the compliance pressures of in-life monitoring Regulators issued more than $10 billion in Anti-Money Laundering fines to financial institutions in 2020, up 26% on 2019 figures according to research from Fenergo. UK-based institutions received fines totalling $199,306,927. These fines were issued for failure to comply with industry standards. These are vast sums of money that represent the continu...
Source: finanznachrichten.de