In the first part of our guide, readers were informed on the necessity of incorporating the KYC and AML fraud prevention methods into the cryptocurrency exchange industry. As crypto adoption… Read More

Cryptocurrency market has developed significantly and gained millions of users globally in a short span of time. Moreover, as it turned out, the increasing popularity of the crypto exchanges… Read More

Robust security is paramount for businesses dealing in the forex exchange industry where millions of people join hands daily. With the expansion of the forex industry, fraudsters have also i… Read More

With the present dynamic and rapidly changing business environment, the security of transactions is at a level never seen before. It is necessary to put up strong measures considering the ri… Read More

According to a recent release by TransUnion, synthetic identity fraud has emerged as a growing concern for both individuals and organizations in 2024. This is a kind of fraud wherein an indi… Read More

Traditional onboarding is a drag. But what if verifying your customers was fast, secure, and completely remote? Video KYC (know your customer) is the game-changer you’ve been waiting f… Read More

At the 117th edition of ‘EFCC Connect,’ an interactive public forum held on Wednesday in Abuja on X spaces, ACE II Ahmed Lawal highlighted the pervasive fraud schemes affecting t… Read More

New research reveals a worrying trend in identity theft: the rise of selfie spoofing. This technique involves using stolen IDs to get through document verification systems by matching them w… Read More

In the fast-paced digital transaction world, more than ever Know Your Customer (KYC) compliance is very essential. The world has seen the surge in online banking, e-commerce and fintech inno… Read More

Fraud is growing globally, forcing businesses to work harder on security. One way of combating fraudulent activities effectively is through deploying such robust strategies whose costs and b… Read More

Does it matter today whether we verify business identities? Definitely yes. This has become a primary need because businesses communicate with multiple partners, visitors and customers daily… Read More

With the growth of companies, there has also been an increase in fraud risks. Businesses have consequently begun to adopt fraud prevention solutions due to the rise in digital criminal activ… Read More

The significance of a robust identity verification process cannot be overstated while businesses are struggling to deal with online frauds & thefts. The online transactions are growing c… Read More

In a world increasingly shaped by digital interactions, the significance of robust age verification solutions cannot be overstated. As we traverse the vast landscape of online transactions… Read More

As the digital landscape evolves rapidly in 2023, robust Know Your Customer (KYC) solutions are more necessary than ever. KYC companies serve as the guardians of secure and compliant transac… Read More

In the fast-evolving world of cryptocurrency, Know Your Customer procedures remain a cornerstone of identity verification and security for crypto exchanges in 2023. This comprehensive guide… Read More

While IDV using traditional KYC methods is deemed outdated and remote interactions and transactions have become paramount, video KYC has turned out to be a game-changer in the world of Digit… Read More

Today, all nations have adopted MRZ code ID document formats as part of their AML-CFT travel-security measures. This blog helps one understand what is an MRZ code, with special highlights on… Read More

Recent technological innovations like deepfake detection, face liveness verification, and biometric facial recognition have immensely solved the challenges of troubleshooting ‘how to s… Read More

Money Laundering Explained – Criminal activities generate huge illegitimate cash that needs to be converted into plausible income for lawful access without raising doubts or retaliatio… Read More

Contents: Fintech and Money Laundering Pain Points Why Fintech AML Compliance is Important AML in Fintech-Associated Risk and Challenges How to Select an Effective Fintech AML Solution Anti… Read More

Contents: Banks and Money Laundering Steps to Achieve AML in Financial Services Banking AML Compliance and SAR, STR filings How to Ensure Optimal AML in Finance Procedures Anti-Money Launde… Read More

Contents: Why is AML in the Payment Sector required? AML Transaction Screening AML Transaction Monitoring Challenges in AML Transaction Monitoring Selecting the Best AML Solution for Paymen… Read More

Contents Why is Automated Identity Verification in Payments Important Merchant Underwriting and Merchant Identity Verification Checks Risk Automation in Payment Processing Merchant Due Dil… Read More

Automated client onboarding software for a smooth and secure user experience is vital to fintech success. However, this client solution must be achieved alongside a robust anti-money launder… Read More

KYC automation in the BFSI sector is crucial to fulfilling customer onboarding and due diligence measures. The BFSI (banking, financial services, and insurance) sector is most prone to money… Read More

Contents International AML-CFT Standards The U.S. Bank Secrecy and PATRIOT Acts The U.K. POCA Act and FCA Compliance The EU AMLDs and eIDAS Guidelines COAF and BCB Identity Verification… Read More

Contents Easy integration with the existing security infrastructure Recent trends in biometric technology The shifting identity verification trends with Blockchain technology Frictionless K… Read More

The write-up highlights Know Your Transaction (KYT), what is KYT, why KYT is important, and that only KYC isn’t enough today to fight money laundering, terrorism, and other financial c… Read More

Contents What is KYC Why KYC Identity Verification is Important Which Industries Require KYC Verification Services KYC from a Regulatory Perspective KYC Compliance in Various Countries KYC… Read More

How Does AML apply to Crypto? Cryptocurrency advancement and its affiliations with financial crimes go hand in hand. Anti-Money Laundering (AML) in crypto is continuously evolving for its co… Read More

Sanctions compliance applies to client onboarding, transaction monitoring, and transaction screening to mitigate money laundering and terrorist financing (ML-TF) threats. Although there are… Read More

Contents What is Trade-Based Money Laundering? Widespread TBML Methodologies Exploited by Money Launderers Major TBML Red-Flag Checks for Customs and Financial Institutions How Regulated… Read More

Contents Why is Transaction Monitoring Important?AML Transaction Monitoring – The Flow of EventsTransaction Monitoring Software in Today’s Digital MilieuFATF Recommendation Me… Read More

Contents The Definition The 1st, 2nd, and 3rd EU Anti-Money Laundering Directives The 4th EU AML Directive (4AMLD) came into effect on June 26th, 2017 The 5th EU AML Directive (5AMLD) came… Read More

Contents The Wolfsberg Principles The Egmont Group of Financial Intelligent Units Basel Committee on Banking Supervision Transparency International Economic Sanctions The Wolfsberg Principl… Read More

Contents FATF Style Regional Bodies (FSRBs) Asia/Pacific Group on Money Laundering (APG) Caribbean Financial Action Task Force (CFATF) Council of Europe Committee of Experts on the Evaluatio… Read More

Contents What is the Financial Action Task Force (FATF)? FATF Member Nations and Observer Nations FATF Blacklist and FATF Grey list FATF 40 AML Recommendations Recommendations IX Performan… Read More

Contents Scope and Industry Requirements Types of Online Verification Methods Face Recognition vs. Face Comparison Technology Global Identity Verification Regulations and Standards Similarit… Read More

The need for global ID verification solutions in the retail and eCommerce industries has become increasingly evident over the past few years. As more large retailers and eCommerce sites come… Read More

Did you know biometric authentication started back in second-century China with Empress Tu using fingerprints to seal documents? The modern biometric identity verification system was designe… Read More

Since the inception of Know Your Customer (KYC) regulations, automated KYC solutions and identity verification are vital to meet customer and institution expectations. Anti-Money Laundering… Read More

Face verification may now be a fun way to unlock your smart devices and play dress-up, but it was meant to be a deterrent for data theft and to ease user onboarding. Including face ID verifi… Read More