Introduction In today's highly regulated business environment, meeting ongoing monitoring requirements is essential for organisations to avoid regulatory fines and penalties. This process is essential to maintain the integrity of your organisation, protect your clients, and ensure the smooth running of your operations. This comprehensive guide will provide an overview of ongoing monitoring, the specific […]
In the article, we will look at legal document automation through the lens of compliance management. Proof of identity checks are essential to any business that requires customer authentication in finance, real estate, and legal services, confirming the individual's identity before proceeding with any transaction or service. However, traditional methods of verifying identity, such as […]
Introduction Regulatory technology, or regtech, is an emerging field that has rapidly gained popularity over the past decade. Regtech refers to using technology to improve regulatory compliance, enhance risk management, and streamline business reporting requirements. In this blog, we will explore regulatory technology, its benefits, and the challenges associated with its adoption. Regulatory technology can […]
Introduction We get it; compliance and risk management in law firms can be difficult to understand and navigate. Law firms are subject to various ethical, regulatory, and legal obligations that require compliance to avoid legal and repetitional risks. Client risk management is also essential to maintain the law firm's reputation and financial stability. Compliance and […]
What is Money Laundering? Before exploring what is an MRLO, we should first go back to basics and understand what is money laundering. Money laundering is the process of disguising the proceeds of illegal activity, such as drug trafficking, corruption, or fraud, by making it appear to have been obtained from a legitimate source. This […]
If your business is subject to Money Laundering Regulations such as a law firm or a financial institution, it is your legal responsibility to meet specific criteria to adhere to the law. Measures such as checks, known as 'customer due diligence checks', are in place to identify and verify the identities of clients before conducting […]
New: Streamlined KYC and AML checks, Proof of Funds, Risk Assessments, and Ongoing Client Monitoring Introduction Here at Validient, we are always working hard to enhance current features and bring new features to our market. We do this to deliver the best digital client onboarding and risk monitoring solution possible for all regulated businesses and […]
Introduction Legal automation refers to using technology to automate various tasks and processes within the legal industry. This can include everything from managing legal documents and case files to creating legal contracts and agreements to analysing legal data and precedent. We at Validient automate the know your customer (KYC) and anti-money laundering (AML) checks that […]
Introduction Ever wondered what is an AML check? Anti-money laundering (AML) checks are procedures and processes that financial institutions and other regulated entities follow to prevent, detect, and report money laundering activities. Money laundering is disguising the proceeds of illegal activity as legitimate funds. It is a significant problem that threatens the integrity and stability […]
What is beneficial ownership? The term beneficial ownership is used when a person or persons owns a company or property or has significant influence or control. These are called the beneficial owner or owners. Identifying the beneficial owners of a business and their corporate structure is very important, as there is a difference between a […]
