Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Payfacs need to have regular AML screenings and strictly implement KYC procedures. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). Staff training: Provide regular training to your staff on AML obligations, red flags, and reporting procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

JULY 28, 2023

Document workflow management procedures exist in most companies, but their formality varies. By understanding the benefits and best practices, organizations can optimize their processes, enhance productivity, and ensure seamless access to critical information. What is document workflow management?

Disaster Recovery 52

Disaster Recovery Automation Compliance Procedures 52

Nanonets

JUNE 19, 2023

Backup and Disaster Recovery: Implementing robust backup and disaster recovery mechanisms is essential for on-premise automation. It includes documenting automation processes, configurations, system architectures, troubleshooting procedures, and best practices.

Automation 52

Automation Disaster Recovery Process Security 52

Nanonets

MAY 6, 2024

Familiarize users with the BlackLine platform, its features, and best practices for efficient reconciliation management. It offers a certification workflow involving preparers, approvers, and optional reviewers, ensuring balance sheet integrity and adherence to procedures.

Reconciliation 52

Reconciliation Accounts Audit Automation 52