Ondato on LinkedIn: What is Watchlist Screening and Why is it Important? - Ondato (2024)

1st day at Money20/20🤩Let's meet in beautiful Amsterdam, where our team: Liudas Kanapienis, Andzej Miksa, Vytautas Urbonas, and Povilas Steikunas will answer all your questions about the most innovative fintech solutions.📍You can find them in Hall 7, Stand 7C40#money2020 #conference #fintech #KYC #AML #compliance #event

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Have you had the chance to read Ondato's newest whitepaper about strengthening due diligence processes in venture capital yet? 🤔It looks into regulatory, money laundering, and sanctions risks, as well as due diligence process optimisation in 2024. All you need to know is in the link below 👇https://lnkd.in/dvqrSMXK#fintech #vc #venturecapital #whitepaper #report #duediligence #KYC #AML #compliance

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What are the strategies for effective ongoing monitoring? 🤓Risk-Based Approach 👉 Focus monitoring on high-risk customers and transactions to optimise resources.Advanced Analytics 👉 Use data analytics and machine learning for real-time, accurate detection of suspicious patterns.Scenario-Based Monitoring 👉 Implement predefined scenarios to quickly flag unusual activities.Customer Due Diligence 👉 Regularly update customer information to better assess risk and detect suspicious behaviour.Collaboration and Information Sharing 👉Share intelligence within the industry to enhance threat detection and proactive measures.Follow the link in the comments to dive deeper 😎

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Curious to know more about the significance of ongoing monitoring? 🤓It plays a pivotal role in detecting and preventing money laundering and terrorist financing by enabling institutions to identify and flag suspicious transactions or behaviours that deviate from established patterns. By continuously monitoring customer activities, institutions can mitigate risks and maintain compliance with regulatory requirements.Follow the link to read more 👉 https://lnkd.in/d_WRwTVf #monitoring #KYC #AML #compliance #fintech #regulations

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📢 The Supreme Court has given Texas the green light to enforce House Bill 1181, a new age verification law aimed at protecting minors from accessing adult content online. Starting now, adult content websites need to implement strict age checks to comply with this regulation.The bill not only mandates strict measures to prevent minors from accessing adult content but also includes robust privacy protections and serious penalties for non-compliance. Neither the website nor any third party performing the verification can retain any identifying information on the individual once access has been granted.Read more about it in our new blog post 👉 https://lnkd.in/dpupU7-D #HB1181 #ageverification #fraudprevention #protectingminors #KYC #AML #compliance #law #texas

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The greatest fintech show is just around the corner, and we are happy to share that Ondato is heading to Money20/20 🚀Find our team at Hall 7, Stand 7C40, and meet Liudas Kanapienis, Andzej Miksa, Vytautas Urbonas and Povilas Steikunas in person. They will be there to share their most innovative and fast-moving ideas about KYC and AML compliance that will power your growth roadmap.We hope to see you in Amsterdam! 🤝#money2020 #event #conference #KYC #AML #compliance #fraudprevention #fintech

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What are the main VC fund regulatory risk factors? 🧐✔️ Regulatory changes✔️ Evolving regulations concerning investments and fundraising✔️ Leveraging cutting-edge technologies or products, which may operate in unregulated spaces✔️ Corruption risksFollow the link in the comments to download our whitepaper about strengthening due diligence processes in venture capital and dive deeper 👇#VC #venturecapital #whitepaper #report #riskfactors #regulations #KYC #AML #compliance

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🧐With the Digital Operational Resilience Act (DORA) coming into effect on the 17th of January, 2025, it is important that financial institutions are prepared.What are the 5 technical requirements of DORA?✔️ICT risk management and governance✔️Incident reporting✔️Digital operational resilience✔️Third party risk management✔️Information sharingFollow the link to learn how your company can prepare for it👇https://lnkd.in/d8Uq4_ui

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🤓Head of Partnerships at Ondato Povilas Steikunas and Blockchain Consultant at PixelPlex Josh Mudway, talked about how blockchain technology is transforming KYC processes with improved security and faster identity checks. However, balancing innovation and regulation while simultaneously managing the compliance landscape remains a challenge for both regulators and businesses.Thank you PixelPlex for having these two experts shed light on this! Follow the link to learn more👇https://lnkd.in/djGv2U9c #blockchain #KYC #AML #compliance #security #technology #identityverification

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