Tiller Technologies is planning to launch two new business initiatives in Guernsey tomorrow.
The launch of ‘Know Your Business’ and ‘Client Lifecycle Management’ aims to address a shift in regulatory focus from one-off onboarding to continuous monitoring of complex corporate structures to prevent financial crime.
Taking place at Les Roquettes Hotel from 08:30 to 10:15, the event will feature a platform demonstration and regulatory commentary.
A spokesperson for Tiller Technologies said 60–80% of offshore business involves legal entities, which is in turn necessitating more sophisticated RegTech to manage risk and transparency.
“In the UK, the National Assessment Centre (NAC) estimates that around £100 billion is laundered through UK-based corporate structures, highlighting the scale of financial crime risk that robust KYB and CLM solutions can help mitigate.”
Tiller Technologies Co-founder and CEO Jonathan Wauton, added: “Verify by Tiller was built to solve the real compliance challenges regulated businesses face every day — not to be another ‘bloated’, one-size-fits-all CLM platform that overpromises and under delivers.”
“Our modular approach puts firms in control, allowing them to screen, verify and monitor clients in a way that fits their risk profile, jurisdiction and operating model. With fast deployment, intuitive configuration and seamless integration into existing systems, Verify delivers faster onboarding, stronger AML outcomes and dramatically lower operational friction — turning compliance from a cost centre into a competitive advantage.”