Blog Business Verification (KYB) Page 5
All Business Verification (KYB)
Identity Verification
Article | 6 min
Leveraging technology to protect the future of online democracy
Leveraging technology to protect the future of online democracy
We can embrace new technologies, such as identity verification, to create a safer, more transparent and more engaged online democracy.
Identity Verification
Article | 4 min
Updated Canadian KYC AML requirements — PCMLTFA amendments
Updated Canadian KYC AML requirements — PCMLTFA amendments
Amendments to the Canadian Know Your Customer/Anti-Money Laundering (KYC/AML) regulations — PCMLTFA — were registered on June 25, 2019.
Individual Verification (KYC)
Article | 7 min
Beneficial ownership rules: improving transparency and availability of UBO information
Beneficial ownership rules: improving transparency and availability of UBO information
To fight money laundering, regulators and governments should ensure that effective beneficial ownership rules and procedures are in place.
Individual Verification (KYC)
Article | 5 min
Tackling Challenges for Corporate KYC — 5 Solutions to Ensure End-to-End Compliance
Tackling Challenges for Corporate KYC — 5 Solutions to Ensure End-to-End Compliance
Corporate KYC is the process of vetting a business or corporate entity and its beneficiary owners for the purposes of AML/KYC compliance.
Identity Verification
Article | 6 min
Political Ads in Canada — New Registry Requirements
Political Ads in Canada — New Registry Requirements
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.
Individual Verification (KYC)
Article | 5 min
5AMLD Checklist: 7 Steps to Help You Meet Compliance
5AMLD Checklist: 7 Steps to Help You Meet Compliance
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.
Identity Verification
Article | 3 min
Tech Must Fight €1.87 Trillion AML Problem
Tech Must Fight €1.87 Trillion AML Problem
It is imperative that a safe system of information sharing is developed to securely access databases to flag potentially high-risk individuals/entities.
Identity Verification
Article | 3 min
Combating Financial Crime in Fast Growing Economies - New Tools to Fight Money Laundering
Combating Financial Crime in Fast Growing Economies - New Tools to Fight Money Laundering
Implementing systems to help businesses automate the on-boarding process and comply with AML and KYC regulations is key to combating financial crime.
AML
Article | 5 min
The Battle Against Money Laundering in the Great White North
The Battle Against Money Laundering in the Great White North
A March 2019 US State Department International Narcotics Control Strategy Report on Money Laundering, declared Canada as a “major money laundering country.”
Individual Verification (KYC)
Article | 6 min
Know Your Client: Should Lawyers Be Regulated Like Financial Institutions?
Know Your Client: Should Lawyers Be Regulated Like Financial Institutions?
A look at myriad legislative attempts made to bring formation agents, specifically lawyers, under the purview of the BSA.
Individual Verification (KYC)
Article | 8 min
Discreet Delaware: Why Corporate Secrecy and Money Laundering Have Thrived in the US
Discreet Delaware: Why Corporate Secrecy and Money Laundering Have Thrived in the US
To counter corporate secrecy, observers believe that beneficial owners of a company should be disclosed when the company is incorporated.
Identity Verification
Article | 4 min
4 Key Considerations When Doing Business With High-Risk Countries
4 Key Considerations When Doing Business With High-Risk Countries
Doing business internationally is a complicated undertaking including legislative, political, currency, transparency & standard logistical challenges.