25 06, 2021

AML Act of 2020

2021-06-25T18:29:38-04:00

Wealthy and influential individuals and companies have used anonymous entities to hide their wealth, as evidenced in the 2016 Panama Papers and 2020 FinCEN Files Investigations. In January 2021, the FY 2021 National Defense Authorization Act became law, including the Anti-Money Laundering Act of 2020 (AMLA 2020). Part of the AMLA 2020 is the Corporate Transparency Act (CTA). The AMLA 2020/CTA amends the Bank Secrecy Act (1970) (among other things) to require that companies (corporations, limited [...]

AML Act of 20202021-06-25T18:29:38-04:00
1 02, 2021

6 Key Lessons We Learned at the AML & FinCrime Tech Forum

2021-02-15T16:32:22-05:00

Last week, Vital 4 exhibited at the AML & FinCrime Tech Forum and had the opportunity to speak with different stakeholders across the industry. We discussed technology, platforms, data, and process, with many disparate experts, and here are some of our key takeaways. Many major data platforms are not updating their source data regularly. Up-to-date data is key. Outdated data is not just inconvenient, it’s not compliant. False positives or false negatives due to outdated data [...]

6 Key Lessons We Learned at the AML & FinCrime Tech Forum2021-02-15T16:32:22-05:00
18 12, 2020

How Businesses Can Prepare for the Upcoming EU 6AMLD

2021-02-04T13:18:27-05:00

In December 2020, the EU's Sixth Anti-Money Laundering Directive (6AMLD) will come into effect, resulting in even more stringent AML regulations for businesses operating within the EU. The 6AMLD will be transposed into national laws in December, and those outside the EU will have until June 2021 to establish their processes. Now is the time to understand what 6AMLD means for your organization and be proactive about the new regulations.   What Exactly is 6AMLD? The new [...]

How Businesses Can Prepare for the Upcoming EU 6AMLD2021-02-04T13:18:27-05:00
10 12, 2020

AGG/Vital4 – Top 5 Lessons from 2020 in Background Screening + Planning for 2021

2021-02-04T13:24:14-05:00

Top 5 Lessons from 2020: Regulators offered limited flexibility to address COVID-19 realities, what can the background industry learn from this? Have a solid business continuity plan. Stay abreast of changing guidance from regulators, courts and COVID safety. Internal processes to document changes that occurred which may be different than how they were handled pre and post-COVID. Investing and leveraging technology to your advantage. COVID-19 led companies to focus on their IT infrastructure to allow employees [...]

AGG/Vital4 – Top 5 Lessons from 2020 in Background Screening + Planning for 20212021-02-04T13:24:14-05:00
27 04, 2020

Georgia On My Mind – In The Midst Of A Crisis

2021-02-04T13:49:02-05:00

As I write this, our beautiful and amazing state, Georgia, is amid a high profile and extremely controversial soft “re-opening”. Our Governor, Brian Kemp is under fire by the President and many Americans perceive his decision to “open up” as reckless, selfish, garnered by political agenda, and a sheer lack of respect for the rest of the country. Now, for the sake of my sanity, I am going to do my best by not posting my [...]

Georgia On My Mind – In The Midst Of A Crisis2021-02-04T13:49:02-05:00
9 04, 2020

3 Tips For Maintaining Continuity In A Crisis

2021-02-04T13:52:19-05:00

The world is experiencing a crisis unparalleled in modern times, with the possible exception of the two World Wars. COVID19 is challenging countries, companies and us as individuals to change the way we fundamentally operate to ensure we stay physically, and financially healthy. Governments are delivering enormous aid packages designed to stimulate the economy and protect jobs and incomes of workers where possible. Nowhere is this more evident than in the US where a multi-trillion-dollar package [...]

3 Tips For Maintaining Continuity In A Crisis2021-02-04T13:52:19-05:00
11 03, 2017

What are the top Background Screening trends to look for in 2017?

2021-02-04T16:49:56-05:00

TSA Pre-Check "Style" Checks In the crazy world we live in today; it seems as though background screening is becoming an increasingly popular subject. The first question that comes to mind for me after a tragic incident in the news is; “was there a background check done on the individual(s) who committed the crime?” Having your background screened to have priority statuses such as TSA-pre check and Clear is becoming more prevalent, and I predict more [...]

What are the top Background Screening trends to look for in 2017?2021-02-04T16:49:56-05:00
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