Creditros blog

GDPR Compliance: Requirements and Consequences for Organizations

Organizations that process the personal data of EU citizens must comply with the GDPR requirements. These are the requirements and consequences.

Understanding GDPR: Protecting Personal Data of EU Citizens

The General Data Protection Regulation (GDPR) has had a significant impact on organizations that process the personal data of EU citizens.

What is regulartory compliance?

Are you aware of the importance of regulatory compliance? Compliance is not only a legal requirement, but it's also critical for maintaining customer...

KYC

Compliance costs money. This is how it pays off

Compliance costs money in all companies; regardless of whether you choose technology or loads of binders, you have to show the money - but does it...

AML

Software and ultimate beneficial owners: Code to decode your clients?

The question of who the Ultimate Beneficial Owner is, and the advantages of software is important, especially in the current socio-economic climate.

KYC

Visma Creditro receives ISAE3000 declaration

Visma Creditro is pleased to announce that we have obtained an ISAE3000 declaration with a high degree of assurance.

Customer Due Diligence in the banking industry - what you need to know

What is Customer Due Diligence? What are the requirements for the banking industry? And why is the world of banking jumping on the software train?

What is digital onboarding? - And how do you reap the fruit?

What is digital onboarding? Why is it popular? And how do you make digital onboarding a part of your success? Learn the do's and don'ts in this...

What is 'Know Your Third Party'?

Due diligence on all new and existing third parties is just one of the vital steps to improve your knowledge of third parties and their risks; we...

KYC

How to future-proof your compliance strategy

Future-proof your compliance strategy by taking a proactive approach to risk management, building great compliance culture, and investing in tech.

AML

Anti-Money Laundering Compliance in Law firms

Compliance with AML for law firms is vital as they are held accountable for the act if they fail to. In this article, Creditro gives you how and why.

AML

The The Danish Bar and Law Society has new AML-guidelines for lawyers

The Danish Bar and Law Society has a new revised guide for compliance with the Money Laundering Act, and Visma Creditro gives you an overview here.

Digital Onboarding guide for the banking sector

What are the benefits of digital onboarding? And how do you implement it? Creditro gives you a guide to digital onboarding in this article

Can you predict a financial crisis?

2008 is a year you won't forget - can we learn from our mistakes and predict crises? Read as Creditro analyzes the world economy through historical...

credit reports

How to avoid bad payers and debt collection cases

Missing payments and debt collection cases are increased by 62 pct. in Europe - it's time to restock your toolbox; here are 10 tips to avoid bad...

5 tips for effective consumer screening in the financial sector

Consumer screening is one of the important places within the financial sector with opportunities for optimization. Get 5 tips for efficiency here.

AML

Sharpen awareness with a credit rating

In September 2020, almost 200 companies went bankrupt; it's vital to know the temperature around you - read how a credit rating might be your answer.

credit reports

How to Spot a Bankruptcy

There are several warning signs before a business declares bankruptcy. In this article, Creditro gives you these warnings and lists high-risk...

Assess

What is fraud – and Who is behind it?

Fraud can significantly impact victims, businesses, and the economy - fraud and fraudsters come in different shapes; read as we dissect the fog of...

ID and validation – Why and how?

identitetsverifikationen og validering er essentielle i KYC processen, men hvordan gør du det? Og hvad er konsekvenserne ved en dårlig validering?...

credit reports

9 tips for a more thorough credit assessment

In this Creditro article, we lists 9 tips so you make sure that you have a fulfilling credit assessment on all of your customers.

KYC

How to predict fraud

Everyone can become a victim of fraud. Want to make the chance of you becoming frauded smaller? Learn to predict fraud in this Creditro Article.

AML

AI in the fight against money laudering

It can be challenging to find a definite answer to what Artificial intelligence is and can do. Learn more about it in this Creditro article.

KYC

What is ODD?

ODD stands for Ordinary Due Diligence, and contains many of the same points as KYC does. Learn more about it in this Creditro article.

KYC

KYC: Know your customer requirements

KYC can be a tricky process due to all of the requirements. However, no need to worry. In this article, Visma Creditro lists and explains all of...

KYC

What is PEP?

PEP is a politically exposed person and is a statutory part of a KYC check according to AML legislation. Learn here what PEP means and why its...

AML

What is money laundering, and how does it work?

In this article, Visma Creditro takes you through the world of laundering - How does it work? How do you spot it? And which measures are best?

KYC

What is CDD?

CDD stands for Customer Due Diligence – the term becomes significant in the new directive in the Money Laundering Act (AML 5) – why? Read and find...

AML

What is Customer Screening?

Customer Screening is often used among banks and other companies within the financial sector. However, many different concepts describe the same...

AML

What your company needs to know about money laundering

Money laundering is when black money is washed white. In this article you learn everything you have to know, so you don't end up in a sticky...

Terror Financing

What is terrorist financing and how does it work?

Terror financing - what is it and how does it work? Learn more about it in this Visma Creditro article.

KYC

Why CDD is essential for companies subject to AML legislation

CDD, or Customer Due Diligence, is a term used often in the financial sector. It is a concept that is important for companies subject to AML...

PEP

What is an RCA?

It's crucial for companies subject to AML to check if their customers and business partners are PEPs, so they don't become RCAs. Let Creditro help...

credit reports

Are you ready for financial crisis

Will there be another financial crisis? Central banks are beginning to indicate it. Read more about it here, in this Visma Creditro article.

What are sanctions, and how do they work?

Sanctions can have a big impact on your ability to take in certain customers. With this Visma Creditro article you will learn everything you need to...

credit reports

2.2 billion in aid packages paid to companies with lousy credit-rating

When the pandemic hit in 2020, the danish government paid out financial compensation to 89% of the applicants. See our analysis of the payout here.

KYB

What is KYB?

With efficient KYB processes, companies subject to AML can ensure that they only deal with genuine companies. Learn more about KYB here.

The difference between KYC and AML

Although KYC and AML are often used interchangeably, they do not have the same meaning, and confusion can have costly consequences for your business....

KYC

What is KYC (Know Your Customer)?

KYC stands for Know Your Customer - Visma Creditro explains which measures are required by law and how decisions in the EU affect your company.