Category: KYC
EU AML Crypto Rule Update: European Union Moves Toward Full Transaction Traceability
The use of Convertible Virtual Currencies (CVCs) or “crypto” for illicit use has risen sharply this year. Fines and restraining orders are being levied against fintec...
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Digital COVID Travel Passes: Biometrics & Facial Recognition Ensure Airline Passenger Health Worldwide
“Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74%,” according to the latest data from the World Tourism Organizat...
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Press Release: IDMERIT CEO Tony Raval Featured Guest on UBS Profiles in Business Podcast
San Diego, California, May 4, 2021 – Tony Raval, CEO of IDMERIT, was a featured guest on the UBS’ Profiles in Business with Jared Papin podcast. Profiles in Busin...
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What is KYB and KYC? How does its compliance impact organizations?
Due to increasing regulatory reform and widespread money laundering and illicit activities, more businesses and compliance teams are becoming aware of the dangers that ex...
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Crypto Regulations 2021: What Digital Currency Providers Must Do To Stay Compliant
Ever since the advent of blockchain and bitcoin, things have looked very different. Initially, most people wrote bitcoin (which was the first cryptocurrency) off. Since i...
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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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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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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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