Tag: KYC

New House Bill makes Online Identity Verification in Banking mandatory

New House Bill makes Online Identity Verification in Banking mandatory

On January 29, 2018, the U.S. House of Representatives passed a bill, HR 1457, the Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2017 that would allow c...

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Why AML & KYC is crucial for Bitcoin & other cryptocurrency transactions

Why AML & KYC is crucial for Bitcoin & other cryptocurrency transactions

Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) regulations are financial security protocols in place to prevent fraudulent activity. As money is a limited resou...

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