Category: Anti Money Laundering
An ultimate Checklist for KYC Compliance to protect financial institutions
While the digitization of the process of transferring and receiving money has evolved, it has certainly brought some setbacks with it, one of the biggest being the possib...
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7 Anti-Money Laundering Fines You May Have Missed: Multinational Banks Held Accountable By Regulators For Compliance Missteps
“Financial institutions have been hit with $10.4 billion in global fines and penalties related to Anti-money laundering (AML), know your customer (KYC), data privacy, a...
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Theft, Ponzi Schemes, & KYC Challenges Rampant in the Crypto Space
Know Your Customer (KYC), which can also be called Know Your Client, is mandatory for banks, money service providers, and cryptocurrency exchanges. KYC allows f...
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Bank Identity Verification: A Risk-Based Approach
Currently, the cybersecurity risks for financial institutions is high. In recent years, there have been over one billion cyber attacks on financial institutions. They hav...
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Blockchain Technology to Simplify Anti-Money Laundering Solutions
Money laundering is the process by which financial transactions are conducted in a way that obscures the link between the funds and their origins. Annually, money launder...
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Identity Verification in a Post-Data Breach World
In the United States, data breaches have become increasingly more common. In the first half of 2018 alone 668 data breaches occurred which exposed over 22 million identit...
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Fraud and Risk Compliance After the Wire Act Reversal
The online gaming industry is facing turmoil this past week. Regulations have changed, which greatly affect the industry. For all players in the online gaming industry, m...
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How Fortnite Showcases the Need for Identity Verification Services for the Entire Gaming Industry
Fortnite is an insanely popular video game developed by Epic Games with over 200 million global users. It was released in 2017 and has taken the world by storm, surpassin...
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ID Verification Regulations and Online Sports Betting
Earlier this year the Supreme Court of the United States repealed the Professional and Amateur Sports Protection Act (PASPA) of 1992. The PASPA was a law that outlawed sp...
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