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CreditorWatch Blog

KYC and AML Compliance in a Nutshell

KYC and AML Compliance in a Nutshell

The advancements of our digital era have made it easier to connect businesses and consumers around the world. While technology has increased economic activity, it has also increased the risk associated with doing business. Large organisations, particularly those in the finance industry, should be familiar with AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing Act 2006.  Under Part […]

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Small Business Risk Review Q1 2019: A Call for Due Diligence

Small Business Risk Review Q1 2019: A Call for Due Diligence

  The Small Business Risk Review Q1 2019, found that court actions across Australia have increased significantly in the 1st quarter of 2019 in comparison to Quarter 1, 2018.  It’s no surprise to see worrisome numbers in the first quarter. This is particularly due to the consequences of the holiday season. Despite the influx of […]

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Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those who know about it but can’t comprehend it as it is […]

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Don’t fall behind: Improve your credit management through data and technology

Don’t fall behind: Improve your credit management through data and technology

It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]

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Legislation introduces Director Identification Numbers in push for modernising data

Legislation introduces Director Identification Numbers in push for modernising data

Legislation introduced in the House of Representatives on February 13th, has the aim of modernising business data and introducing Director Identification Numbers (DINs). Currently, data is stored in various systems across different departments and agencies. As a result, registrants bare the inefficiency of a cost burden when meeting their obligations. This in turn, makes it […]

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Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

Identifying an Ultimate Beneficial Owner is Simple with CreditorWatch

CreditorWatch has recently released a new product: The Ultimate Beneficial Owner’s Report CreditorWatch recognises the responsibility that comes with compliance to Know Your Customer (KYC) requirements and AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing Act 2006. With our Ultimate Beneficial Owner (UBO) Report, we take the hassle out of identifying beneficial owners and do the hard work […]

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Introducing CrewWatch

Introducing CrewWatch

This year, we thought we would try something a little different. So, we are happy to announce the launch of the inaugural CrewWatch! We are excited about the many changes, new products and features, growth and other happenings here at CreditorWatch and we are passionate about making things better for our customers.  Therefore, we have […]

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Small Business Risk Review: A concerning end to a mostly positive 2018

Small Business Risk Review: A concerning end to a mostly positive 2018

The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year.  In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]

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Review your customers annually with this ApplyEasy feature

Review your customers annually with this ApplyEasy feature

Do you review your customers on an annual basis? ApplyEasy makes this easy with the Credit Limit Reassessment feature. This new feature acts as a reminder tool to notify you when a customer is coming up to the anniversary of their initial approval. You are then provided with the ability to re-evaluate the customer’s credit […]

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