Book a Demo
Business Verification (KYB)
Article | 8 min
The Pandora Papers will put more demands on AML/KYC compliance departments as they try to keep illicit or tainted funds out of the financial system.
Individual Verification (KYC)
Article | 4 min
Online gambling and the video gaming ecosystem can use advances in identity verification to “see” bad actors before they do any damage.
Article | 7 min
KYCC takes KYC requirements to the next level; who your customers are doing business with, their sources of funds and its legitimacy, & this 3rd party risk.
Europe
In the EU, the European Banking Authority (EBA) has the authority to help drive innovative regtech services and regulatory alignment.
Crypto
Cryptocurrency exchanges should consider the travel rule: “obligations to obtain, hold, and transmit required originator and beneficiary information.”
Article | 6 min
A Customer Due Diligence checklist is a critical element of effectively managing risk and protecting against potential involvement with nefarious activities
Article | 5 min
Effective third-party due diligence policies, screening and processes help protect your organization and manage risk.
Financial Services
FINTRAC requirements and obligations for Reporting Entities (REs) and offered guidance for identity verification.
Supply chain risk management and due diligence work hand-in-hand to form a first layer of protection for businesses.
There’s a growing demand to verify legitimate businesses. With the ease of creating fake company records and profiles, the risk of fraud has risen.
AML
Under the EU’s 6AMLD, employees and officials of organizations — and entities working on behalf of those organizations — can now be held criminally liable.
Verifying business entities and its ownership structure — KYB verification — is an AML compliance requirement, necessitating Enhanced Due Diligence (EDD).