StartKYC assesses Politically Exposed Persons (PEPs) using a structured framework based on international guidelines (e.g., FATF, UNCAC, EU AML Directives) and national legislation. The methodology categorizes PEPs into Global Minimum Coverage and National Requirement Coverage, ensuring compliance across jurisdictions. 1. Key PEP Definitions and Framework International References: StartKYC adopts authoritative PEP definitions from: FATF (Financial […]
The European Union’s introduction of instant payments in 2024 has significantly changed the landscape for payment service providers (PSPs). This new regulation mandates that all PSPs, including banks, must be able to process euro payments within 10 seconds. Traditionally, PSPs would screen each transaction against sanctions lists, a process that can be time-consuming and delay payments. […]
On 24 April 2024, the European Parliament enacted a comprehensive Anti-Money Laundering (AML) Package, formally published on 19 June. This legislation significantly enhances the EU’s arsenal against financial crime. The AML Package comprises three key elements: Sixth Anti-Money Laundering Directive: This directive outlines member state obligations to prevent the financial system from being exploited for […]
Una Persona Politicamente Esposta (PEP o PPE) è una persona che ricopre o ha ricoperto una posizione di rilievo nella politica, nell’economia o nel mondo degli affari. Le PEP sono considerate a rischio di frode e riciclaggio di denaro, e pertanto sono soggette a una serie di controlli e requisiti aggiuntivi. In Italia, le PEP […]
Le blanchiment d’argent est un crime grave qui consiste à transférer de l’argent provenant d’activités illégales de manière à dissimuler son origine illégale. Le blanchiment d’argent peut être utilisé pour financer des activités terroristes, des trafics de drogue et d’autres crimes. Les entreprises sont tenues de respecter un ensemble de réglementations visant à prévenir le […]
La lotta contro il riciclaggio di denaro e il finanziamento del terrorismo sono diventate priorità globali negli ultimi decenni. Per affrontare questa sfida in modo efficace, l’Unione Europea ha adottato una serie di direttive antiriciclaggio, l’ultima delle quali si pone come una risposta completa e globale alla criminalità finanziaria. In questo articolo, esamineremo i punti […]
Objection: “I’m not sure if I need AML/KYC services. My business is small and doesn’t handle a lot of financial transactions.” Response: “Even if your business is small, AML/KYC services can still be important for protecting your company and your customers. By verifying the identities of your customers and partners, you can help prevent fraud […]
L’AML (Anti Money Laundering) è una pratica legale che consiste nel prevenire l’utilizzo di fondi illeciti per attività criminali o terroristiche. In Italia, l’AML è regolamentato dal Decreto Legislativo 231/2007, che impone agli istituti finanziari di adottare misure di debita diligenza per identificare i propri clienti e monitorare le transazioni finanziarie. Gli strumenti di screening […]
Preverjanje poslovanja, sicer znano kot poznaj svoje podjetje (KJB), je bistven postopek, ki zagotavlja legitimnost in identiteto poslovnega subjekta. Uporablja se lahko v različnih sektorjih za skladnost s predpisi, na krovu več strank, zmanjšanje goljufij in izboljšanje zaupanja. Za številna podjetja je KJB obveznost v skladu s predpisi o preprečevanju pranja denarja (AML). Obveznosti AML […]
Following the suspension of public access to the Register of Beneficial Owners (RBE) imposed by the judgment dated 22nd November 2022 by the Court of Justice of the European Union (CJEU), the involved and responsible parties (the Luxembourg Business Registers (LBR), the Ministry of Justice and the State Information Technology Centre) have finally found a […]