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Identity Verification
Article | 5 min
KYC remediation should not be an obstacle for customers, or for an organization and can lead to adaptable systems, re-engaged customers and ongoing growth.
Business Verification (KYB)
Article | 7 min
Beneficial ownership: best practices to create transparency to deal with the complexity and variety of corporate structures and legal persons.
Payments
Article | 3 min
B2B payments is an industry that is ripe for innovation. It promises quicker payments, lower friction and the simplification of complex transaction chains
Article | 6 min
We can embrace new technologies, such as identity verification, to create a safer, more transparent and more engaged online democracy.
Article | 4 min
Amendments to the Canadian Know Your Customer/Anti-Money Laundering (KYC/AML) regulations — PCMLTFA — were registered on June 25, 2019.
Individual Verification (KYC)
To fight money laundering, regulators and governments should ensure that effective beneficial ownership rules and procedures are in place.
Corporate KYC is the process of vetting a business or corporate entity and its beneficiary owners for the purposes of AML/KYC compliance.
Canada’s new Registry Requirements for Political Ads on Online Platforms will be a major test on how to combat foreign influence and other problem ads.
The 5th Anti-Money Laundering Directive (5AMLD) will come into force on January 10, 2020. It addresses a number of weaknesses in the EU's AML & CFT regime.
It is imperative that a safe system of information sharing is developed to securely access databases to flag potentially high-risk individuals/entities.
Implementing systems to help businesses automate the on-boarding process and comply with AML and KYC regulations is key to combating financial crime.
AML
A March 2019 US State Department International Narcotics Control Strategy Report on Money Laundering, declared Canada as a “major money laundering country.”