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Creditro takes over KYC from Penneo
As part of Visma’s ambition to build world-class digital solutions, a strategic decision has been made to sharpen the focus of its portfolio...
Read about Creditro's new functions. Find inspiration, tips and tricks.
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As part of Visma’s ambition to build world-class digital solutions, a strategic decision has been made to sharpen the focus of its portfolio...
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When you are subject to AML regulations, there are several tasks you need to complete annually. An annual compliance plan can help you stay on top of...
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AML compliance can be a hassle, but we don’t think it has to be that way. That’s why we’re proud to finally introduce our new brand, which reflects...
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If you are subject to the Anti-Money Laundering Act, you must prepare documents describing the internal policies, procedures, and controls you have...
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If your company is subject to the AML Act, you are required to conduct a risk assessment to identify where your business may be at risk of being...
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An audit visit is a review of a company’s ability to comply with anti-money laundering (AML) regulations. If your company is scheduled for an...
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There are many factors to consider when combating money laundering and financial crime. Effective processes ensure both compliance with legislation...
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Money laundering is a complex and serious social issue. With constantly evolving legislation, managing it on top of your core business can be...
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Our solution has just had a major upgrade with a function that gives our users the opportunity to further customise templates and questionnaires for...
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In a world where the business landscape is constantly changing with new technologies, market dynamics, and not least stricter regulations, the...
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"Know Your Customer" is an essential part of the Anti-Money Laundering Act, which essentially aims to reduce economic crime and money laundering. The...
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It's important for us to prepare our customers for inspections from the Danish Business Authority. We continuously gain knowledge about the process...
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All companies that offer credit agreements have a legal obligation to do a creditworthiness assessment before entering into a credit agreement. This...
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PCI DSS stands for Payment Card Industry Data Security Standard. It is a set of security standards developed by major credit card companies to ensure...
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Organisations that process the personal data of EU citizens must comply with the GDPR requirements. This includes obtaining explicit consent from...
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Are you aware of the strict data privacy regulation that has been enforced in the European Union? The General Data Protection Regulation (GDPR) has...
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In any business, compliance costs money. By ensuring that employees follow the rules and regulations set by the company, companies can avoid costly...
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The question of who the Ultimate Beneficial Owner (UBO) is, the importance of knowing, and why people use software to determine ultimate beneficial...
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Our platform and the entire solution are built around the handling of sensitive data and personal data. Therefore, at Visma Creditro, we are pleased...
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What is Customer Due Diligence? Banking is an industry that is constantly evolving, and with that, so are the regulations. One of the latest topics...
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A company's onboarding process is critical to the success of its new client relationships. By definition, onboarding is the process of integrating a...
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In our interconnected world, being aware of the third parties you connect with is essential. A "third party" is a person or organisation that is not...
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As our world becomes more complex and increasingly does business across borders, the risks associated with running a business become greater. To stay...
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Money laundering is the process of disguising illegally obtained money as legitimate funds. Criminals typically do this by funneling the money...
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Practical examples are on the agenda, in the The Danish Bar and Law Society's revised money laundering guidelines, for preventing money laundering...
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During the course of 2008, the world economy was struck by a crisis, that was sp large in scale, that nothing like it had been seen since the...
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Does your company experience that there are missing payments from your customers? Because more and more people are finding that the fees have not...
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Overall, the financial sector is changing because more things are digitized and automated, where competence development is a decisive factor. It is...
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What does a hotel portal have in common with a farmer with 500 dairy cows, a bookbindery in Skive, a nursing home in Odense, and a wind turbine...
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It looks like bankruptcy often comes out of the blue, but there are several warnings before the cash register is slammed. This article clarifies the...
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Deceit, fraud, cheating – dear child many names, and not least many faces. Spotting a swindler, and the deception itself, can seem as easy as...
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From the darkest corners of the internet, to the people you choose to do business with, the problem seems to be the same: who are they? And how can...
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Nothing is worse than entering into a new agreement with a customer, only to discover that the customer cannot pay their invoice. And even worse if...
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All businesses can be affected by scams – in different places, and different ways. So how do you spot the scammer? How do you protect yourself from...
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Today, AI helps with everything from directions to sales, marketing and combating money laundering. What is artificial intelligence? And what role...
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The ODD "Ordinary Due Diligence" is part of a series of concepts covering the checks that companies subject to the Money Laundering Act carry out in...
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What are the KYC requirements? Is it everyone who is obligated to perform a KYC check? And if not – which companies are obligated to do so and why?...
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PEP stands for a politically exposed person. These people are involved in politics or hold high government office. It is a person with a high-ranking...
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The term may be over 100 years old – but it still begs the question: what is money laundering exactly? How do we spot it and how do we prevent it?...
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CDD stands for 'Customer Due Dilligence'. CDD is a crucial term due to the Money Laundering Act. To the same extent as the KYC concept, CDD is an aid...
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The term Customer Screening is most often used in the financial sector when talking about knowing customers - however, it rarely stands alone. There...
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Did you know that money laundering is punishable already from the first stage? And that there are 3 phases? Money laundering is when you make illegal...
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Terrorist financing is collecting, transferring, or passing on money as a form of support for terrorist activities. Therefore, terrorist financing...
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In 2020, a new money laundering directive was issued, which was called AML 5. This new directive emphasised that companies were now forced to move to...
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RCA stands for "Relatives and Close Associates" and is related to PEP, Politically Exposed Persons. But how are they defined? And why is it important...
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The concept of financial crisis is gradually being promoted in the media, all the while the big banks are starting to encourage air in the budget...
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Sanctions are relevant as ever with Russia still thundering in Ukraine – but what are they in their entities? How do we impose them, and what are the...
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In 2020, when the Covid-19 epidemic was at its peak, the state paid financial compensation to Danish companies. About 198,574 applications for...
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What happens when the KYC – process lays off the C and becomes KYB? Get an overview of KYB and how you use it in your company. KYB stands for" Know...
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KYC and AML are terms used in the financial sector regarding money laundering. However, the words have very different meanings and should not be...
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KYC stands for "Know Your Customer". But do you know which measures are legally binding and how decisions in Brussels affect your business? Read...