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Individual Verification (KYC)
Article | 5 min
A new field is developing, SupTech (supervisory technology), which provides more transparent, tech & data-driven approaches to report and monitor activities
AML
Article | 4 min
5AMLD is an update of 4AMLD and is for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing.”
Compliance
Article | 3 min
Trulioo was recently named the winner in the Compliance Innovation category at the 2018 RemTECH Awards, recognizing its new MobileID solution.
Business Verification (KYB)
The Customer Due Diligence Requirements for Financial Institutions (CDD Rule), including new beneficial ownership rules, are coming May 11.
Knowing your business clients and identifying the beneficial owners is an important risk mitigation strategy and increasingly becoming a legal requirement.
Trade-based money laundering accounts for hundreds of billions of dollars of illegal money flows annually, is highly sophisticated, and difficult to uncover
Proper protocols need to be put in place to keep merchant acquirers & the merchants themselves safe, as well as ensure the safety of everyone who transacts
Article | 6 min
The European market is the largest market for online gambling worldwide, but there isn’t one overall EU regulatory policy — It's up to each country.
What does RegTech, identity verification, and compliance hold in store for us in 2018? Stay tuned, it’ll be exciting, interesting and newsworthy.
It’s critical for small business owners to protect your business from money laundering and have solid AML processes in place.
Identity Verification
The UK has new Person of Significant Control (PSC) requirements; impacted companies must report any change to Companies House within 14 days.
Mobile money transfer has the potential to dramatically shake up the industry, improve performance and reduce fees.