AML and Compliance

/AML and Compliance

Alacra Talks Optimizing KYC at DMS in London

Alan Samuels, Alacra VP of Reference Data Solutions tells A-Team the next wave of best practice will optimize KYC and onboarding across organisations. Read More…

Optimizing KYC at DMSThe data management challenges presented by KYC and onboarding, as well as the opportunities of optimal performance, […]

Alacra Completes Acquisition by Opus Global

New York, NY – October 15th, 2015 – Alacra, Inc., an Opus Global Company, and leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data and other information solutions for regulatory compliance today announced completion of its acquisition by Opus Global, a leading provider of SaaS-based compliance solutions. The transaction was first […]

Enforcement Actions for U.S. Sanctions Violations Offer Lessons for Compliance – a new Alacra Compliance Primer

Barbara Keller, CAMS, CFCS, and former Deputy Associate Director for Compliance and Enforcement for FinCEN, has written a new Alacra Compliance Primer which details the evolution of several of the most significant cases of U.S. sanctions violation cases, some of which also included penalties for AML violations. Recent actions have been taken primarily against foreign banks […]

The Ten Things You Need to Read about Vendor Risk Management and the Risks Arising From Third-Party Business Relationships

Financial institutions around the world are subject to an increasingly rigorous regulatory framework.  While much of the overwhelming regulatory environment is a result of the financial crisis, another set of regulations emanate from concerns about corruption.  These sets of regulations are driving banks to have a greater understanding of all their third-party relationships, both to […]

Upcoming Changes to KYC Beneficial Ownership Regulatory Requirements – A Primer


Perhaps the most difficult task a financial institution must undertake when onboarding a new customer or counterparty is collecting beneficial ownership information. The regulations vary by jurisdiction, are in some cases unclear, and the client or counterparty is often unwilling to provide the requisite information with […]

By |September 27th, 2013|AML and Compliance, Know Your Customer, Posts|

Alacra Welcomes Our First CAMS Certified Project Manager

This summer our project management team gained a new credential: CAMS certification! As we work with more and more KYC  teams, we wanted to demonstrate our commitment to the compliance world as well as deepen our ability to deliver for our clients.

AnneW2Longtime Alacra project manager, Anne […]

By |September 22nd, 2013|AML and Compliance, Posts|

Update to the Periodic Table of Bank Regulation and Compliance!

It has been over a year since we launched the Periodic Table of Bank Regulations and Compliance, our attempt to catalog and summarize the key AML/KYC rules from around the world. Financial regulations continue to morph and increase in the US, UK, and EU as well as parts of Asia. Our Compliance Team compiled […]

By |August 15th, 2013|AML and Compliance, Posts|

FATCA – What Are Your Peers Doing About It?

Over the past year, Alacra has hosted several informal peer-to-peer FATCA events in London. Banks from the City joined  us to discuss and learn about different approaches to FATCA. The Alacra Compliance Team has also met directly with many of our clients and prospects to understand their plans and requirements for addressing FATCA. […]

By |July 25th, 2013|AML and Compliance, Events and Conferences, Posts|

The Periodic Table of FATCA Acronyms

Confusion still abounds about FATCA terms

Increasingly, Alacra Compliance Enterprise customers and prospects are asking us to facilitate the inclusion of FATCA client classification information in their onboarding […]

By |June 12th, 2013|Alacra, AML and Compliance, Information Industry, Posts|

CICI Self-Registration Data Requires Cleaning and Vetting

We responded to a number of calls following our post last week highlighting the challenges faced by the CICI Utility with regard to self-registration. One call came from a senior executive of the DTCC, who carefully explained that many of the data issues we highlighted were the result of business rules being applied to […]