KYCnow Blog: Insights into AML & KYC
Always up-to-date news on KYC, KYCnow and money laundering prevention
Anti-Money Laundering: The Outlook for 2025
A look back at the most important developments in the fight against money laundering in 2024: The year 2024 brought significant progress in the fight against money laundering at both national and European levels. These developments paved the way for key...
Increased efficiency through a KYC utility – a review of the KYC Round Table at the Euro Finance Tech Day
On November 18, 2024, leading figures in the financial industry gathered at the Euro Finance Tech Day to discuss the future of the KYC process. The roundtable, organized by KYCnow, brought together high-profile participants from renowned institutions...
Terrorism financing – what exactly is it?
Money laundering and terrorist financing – two sides of the same coin. "Money laundering and terrorist financing" – these two terms are often mentioned in the same sentence. But even though there are many similarities, they are different...
The transparency register: key to combating money laundering and terrorist financing
Overcoming the challenges of the transparency register: Many companies face the challenge of correctly fulfilling the complex requirements of the transparency register. Identifying beneficial owners is often more difficult...
Money laundering as a societal problem
Money laundering – the underestimated danger. Sustainability, climate crisis, equality – these topics dominate social debates, and for good reason. They are crucial for the future of our planet and for the well-being of our...
ING Germany: Digitalization in the business customer segment with KYCnow
Digitalization is no longer just an option, but a necessity – even in the B2B context. The way banks interact with their corporate clients is becoming increasingly important. While private customers have been benefiting from...
Third-Party Risk Management
Risks that threaten your company: Whether suppliers, software service providers, or consultants: As a company, you work with a multitude of other business partners. This collaboration creates risks, from delivery delays...
Quo Vadis: Anti-Money Laundering in Germany 2024
For many years, Germany was not exactly considered a model student when it came to money laundering prevention. However, an analysis by the Federal Ministry of Finance revealed several years ago that a volume of around 100 billion euros was being laundered annually...
The “Follow the Money” approach
Money Laundering – Germany's Declaration of War: Germany has had enough – enough of being considered a "money laundering paradise." Therefore, there is currently a great deal of urgency to combat money laundering and terrorist financing. The latest major victory: the successful...
Adverse Media Screening and its significance in the KYC process
Bad news for criminals: How can you tell if a customer is "good" or "bad"? This question plays a crucial role in the customer onboarding process of banks, insurance companies, and other entities obligated under money laundering laws. More on this...
Cash limit for the prevention of money laundering
The so-called cash limit is a recurring topic of discussion. In December 2023, representatives of the EU member states voted in favor of a cash limit of €10.000. Now the limit is set to be implemented: in January...
Client onboarding at the touch of a button – thanks to the KYCnow integration in KanzleiDrive
In the digital age, tax firms are constantly seeking innovative solutions to make their daily work more efficient and secure. Managing tax matters and the interaction between firms and their clients...