News & Insights
What we’re saying, what the world is saying.
Armalytix and Betsmart Consulting announce new partnership
Together they will provide gambling operators with a combined solution of tech-enabled affordability and Source of Funds checks alongside expert advice around the building of customer journeys, both from a regulatory compliance and a user experience perspective.
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Securities.io – A Nightmare on Crypto Street
2022 was not a good year for global anti-money laundering. Fines rose by more than half on the previous year, topping £4bn, according to recent data. Despite all the issues, crypto’s revolutionary promise remains. Two-thirds of central banks plan to issue their own digital currencies in the next decade. But something needs to be done, or the worst could be yet to come for the crypto industry.
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Financial IT – FTX was crypto’s canary. Financial institutions ignore its demise at their peril
Financial services firms must tread carefully and treat the recent FTX scandal like the canary down the coal mine. The exchange’s demise is an early warning sign that danger lies ahead – and that as crypto continues to grow, the worst may be yet to come.
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Collaboration is key to Source of Funds compliance success
Regulators have made it clear that the requirement to provide sufficient source of funds evidence as part of the client due diligence process is imperative.
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User Review – Armalytix and Client Engager
Working with Client Engager demonstrates how Armalytix can be simply and seamlessly integrated into practice management software for accountants as well as operating as a stand-alone product.
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Source of Funds is Complicated. How to Make it Simple.
Understanding the client’s financial position and the ability to identify risk sooner are two key requirements for firms undertaking Source of Funds checks.
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