1 min read
Jannie Andersen: 09-04-25 11:00
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...
2 min read
Jannie Andersen: 11-02-25 09:00
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...
2 min read
Jannie Andersen: 28-01-25 08:25
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...
4 min read
Jannie Andersen: 22-11-24 09:00
If you are subject to the Anti-Money Laundering Act, you must prepare documents describing the internal policies, procedures, and controls you have...
3 min read
Jannie Andersen: 15-10-24 08:30
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...
2 min read
Jannie Andersen: 31-07-24 08:00
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...
2 min read
Jannie Andersen: 17-07-24 10:00
There are many factors to consider when combating money laundering and financial crime. Effective processes ensure both compliance with legislation...
2 min read
Jannie Andersen: 26-06-24 11:34
Money laundering is a complex and serious social issue. With constantly evolving legislation, managing it on top of your core business can be...
2 min read
Jannie Andersen: 22-05-24 12:30
Our solution has just had a major upgrade with a function that gives our users the opportunity to further customise templates and questionnaires for...
7 min read
Jannie Andersen: 07-05-24 15:35
In a world where the business landscape is constantly changing with new technologies, market dynamics, and not least stricter regulations, the...
2 min read
Jannie Andersen: 25-03-24 08:30
"Know Your Customer" is an essential part of the Anti-Money Laundering Act, which essentially aims to reduce economic crime and money laundering. The...
6 min read
Jannie Andersen: 01-03-24 08:45
It's important for us to prepare our customers for inspections from the Danish Business Authority. We continuously gain knowledge about the process...
2 min read
Jannie Andersen: 06-12-23 16:13
All companies that offer credit agreements have a legal obligation to do a creditworthiness assessment before entering into a credit agreement. This...
1 min read
Mathias Kobberup: 07-06-23 10:39
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...
3 min read
Mathias Kobberup: 03-05-23 13:17
Organisations that process the personal data of EU citizens must comply with the GDPR requirements. This includes obtaining explicit consent from...
3 min read
Mathias Kobberup: 03-05-23 13:16
Are you aware of the strict data privacy regulation that has been enforced in the European Union? The General Data Protection Regulation (GDPR) has...
4 min read
Lærke Kartvedt: 24-03-23 12:59
In any business, compliance costs money. By ensuring that employees follow the rules and regulations set by the company, companies can avoid costly...
3 min read
Lærke Kartvedt: 16-03-23 09:06
The question of who the Ultimate Beneficial Owner (UBO) is, the importance of knowing, and why people use software to determine ultimate beneficial...
1 min read
Lærke Kartvedt: 10-03-23 10:14
Our platform and the entire solution are built around the handling of sensitive data and personal data. Therefore, at Visma Creditro, we are pleased...
3 min read
Lærke Kartvedt: 14-11-22 15:42
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...
4 min read
Lærke Kartvedt: 02-11-22 12:44
A company's onboarding process is critical to the success of its new client relationships. By definition, onboarding is the process of integrating a...
3 min read
Mathias Kobberup: 21-10-22 10:40
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...
1 min read
Mathias Kobberup: 12-10-22 11:18
As our world becomes more complex and increasingly does business across borders, the risks associated with running a business become greater. To stay...
3 min read
Mathias Kobberup: 26-09-22 15:06
Money laundering is the process of disguising illegally obtained money as legitimate funds. Criminals typically do this by funneling the money...
2 min read
Lærke Kartvedt: 26-09-22 15:05
Practical examples are on the agenda, in the The Danish Bar and Law Society's revised money laundering guidelines, for preventing money laundering...
2 min read
Mathias Kobberup: 23-09-22 14:50
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...
2 min read
Mathias Kobberup: 23-09-22 11:17
Does your company experience that there are missing payments from your customers? Because more and more people are finding that the fees have not...
2 min read
Mathias Kobberup: 21-09-22 13:26
Overall, the financial sector is changing because more things are digitized and automated, where competence development is a decisive factor. It is...
2 min read
Mathias Kobberup: 16-09-22 13:55
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...
2 min read
Mathias Kobberup: 06-09-22 10:47
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...
3 min read
Lærke Kartvedt: 01-09-22 14:27
Deceit, fraud, cheating – dear child many names, and not least many faces. Spotting a swindler, and the deception itself, can seem as easy as...
3 min read
Lærke Kartvedt: 29-08-22 14:41
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...
3 min read
Mathias Kobberup: 11-08-22 11:12
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...
3 min read
Mathias Kobberup: 11-08-22 10:57
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...
2 min read
Mathias Kobberup: 11-08-22 10:53
Today, AI helps with everything from directions to sales, marketing and combating money laundering. What is artificial intelligence? And what role...
3 min read
Mathias Kobberup: 11-08-22 10:38
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...
2 min read
Mathias Kobberup: 11-08-22 10:33
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?...
2 min read
Mathias Kobberup: 11-08-22 10:32
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...
3 min read
Mathias Kobberup: 11-08-22 10:30
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?...
2 min read
Mathias Kobberup: 11-08-22 10:11
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...
2 min read
Mathias Kobberup: 11-08-22 10:07
The term Customer Screening is most often used in the financial sector when talking about knowing customers - however, it rarely stands alone. There...
2 min read
Mathias Kobberup: 11-08-22 09:55
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...
2 min read
Mathias Kobberup: 11-08-22 09:46
Terrorist financing is collecting, transferring, or passing on money as a form of support for terrorist activities. Therefore, terrorist financing...
2 min read
Mathias Kobberup: 11-08-22 09:46
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...
2 min read
Mathias Kobberup: 11-08-22 09:33
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...
3 min read
Mathias Kobberup: 11-08-22 09:11
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...
2 min read
Mathias Kobberup: 11-08-22 09:01
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...
2 min read
Lærke Kartvedt: 11-08-22 08:52
In 2020, when the Covid-19 epidemic was at its peak, the state paid financial compensation to Danish companies. About 198,574 applications for...
3 min read
Lærke Kartvedt: 08-08-22 10:54
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...
2 min read
Lærke Kartvedt: 08-08-22 10:46
KYC and AML are terms used in the financial sector regarding money laundering. However, the words have very different meanings and should not be...
4 min read
Mathias Kobberup: 01-08-22 15:09
KYC stands for "Know Your Customer". But do you know which measures are legally binding and how decisions in Brussels affect your business? Read...
