Tag: Ted Datta

UBO Compliance: A Critical Yet Often Neglected Practice by FinTechs

Compliance Charlene Lensburg - July 29, 2024

In a worthwhile reading essay for The International Banker, Ted Datta, Senior Director of Financial Crime Industry Practice at Moody’s, emphasizes the importance of Ultimate Beneficial Owner (UBO) compliance, particularly noting its frequent neglect by FinTech companies. This oversight is a key reason many FinTechs inadvertently become facilitators for illegal activities, including online casinos.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.