Author Archives: Susanne Hofrichter

Susanne Hofrichter

About Susanne Hofrichter

Susanne Hofrichter is Product Manager at targens GmbH. For over 10 years, she has been responsible for new and continued developments in the area of compliance. Her technical focus is on the topics AML, Fraud and KYC. Innovative topics such as data analytics, blockchain and distributed ledger technology are just as important to her as the fulfillment of regulatory requirements.

Who are you? Know your customer!

Susanne Hofrichter/ October 23, 2018/ Uncategorized

Know your customer (KYC) –is one of the most important topics in bank compliance. It includes several preventive measures to accurately identify the customer. Financial institutions are faced with the enormous challenge to prevent money laundering and terrorist financing. To minimize risks, it is necessary to obtain information about your clients and their financial transactions. Anti-Money Laundering Directives, KYC and

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Compliance Builds Trust – and Customer Loyalty

Susanne Hofrichter/ October 1, 2018/ Uncategorized

Compliance has become a fact of life in today’s world – and it’s clearly here to stay. This means mounting challenges for companies, continually faced with adopting new measures to prevent violations. Compliance is also becoming part and parcel of corporate governance and risk management. An ominous prospect for some, fearful of a major administrative burden and rising costs. For

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Fifth Anti-Money Laundering Directive: What Does It Mean for You?

Susanne Hofrichter/ July 30, 2018/ Uncategorized

The EU’s Fifth Anti-Money Laundering Directive is finally here. Published in the Official Journal on June 19 of this year, the new directive became binding on 9 July. The aim? To tighten the screws on terrorist financing and drive up transparency in financial transactions. No small task for those firms affected and yet another compliance hurdle to overcome. And the

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