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Regtank KYT Compliance

What is KYT and Why Does It Matter In Compliance?

What Is KYT? Know Your Transaction (KYT) is defined as a software offering crucial analysis for organisations to discover and identify the skeptical fraudulent transactions made by customers against their respective backgrounds and profiles.  In layman terms, an effective KYT system allows financial institutions (FIs) to check for suspicious transactions by linking customer profiles with […]

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Regtank Risk Based Approach KYC

What is Risk-Based Approach and Why Is It Important

The Financial Action Task Force (FATF) is an important global money laundering and terrorist financing watchdog. As one of the most influential intergovernmental organization, the FATF sets international standards in the implementation of legal, regulatory and operational measures for combating any threats to the integrity of the international financial system. The FATF ensures a global […]

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A Guide to the FATF Travel Rule

TheFinancial Action Task Force (FATF) is an independent inter-governmental body that helps to develop and promote Anti-Money Laundering (AML) and Know Your Customer (KYC). In light of the rise of the cryptocurrency industry, the FATF published guidance on how its 37 members should regulate cryptocurrency exchanges whereby the FATF’s 2019 amendment to Recommendation 16 had […]

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What you need to know: KYC, AML and Travel Rule

Benefits of the Travel Rule With the growth of the cryptocurrency industry, more regulations are necessary so as to protect the industry. However, with more firms, there is greater inconsistency in terms of regulations. This has led to an increase in illegal activities such as money laundering through virtual assets. This is attributed by the […]

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How RegTech Can Aid Your Business

Regulatory Technology (RegTech) has become increasingly prevalent over the last few years with over $9.5 billion being invested in the sector. Below are some ways in which RegTech can aid your Business: Improve Customer Onboarding RegTech makes use of Know Your Customer (KYC) to accelerate onboarding as well as to improve customer experience. According to […]

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