The IGNUS Blog

One of the challenges that continues to bedevil long-lived regulated firms is their legacy business – the portfolio of clients whom regulation grew up around. Let's dive into the impact of legacy business on customer due diligence!

Familiar Places, Familiar Faces

Legacy business is...

Conducting customer due diligence (CDD) does not come without its potential challenges and pitfalls. Here are some insights to help you identify the challenges and navigate the pitfalls of applying enhanced CDD (ECDD). 

Challenges and Pitfalls 1 - Incorrect Risk Assessment of...

Over the years, I’ve had the opportunity to review compliance manuals for all types of regulated entities and even a few compliance manuals for other businesses caught by AML/CFT laws. More often than not, those compliance manuals waste a huge opportunity. How? By not having provisions for...