Blog Compliance Page 8
All Compliance
Identity Verification
Article | 4 min
Know Your Player: UK Issues New ID Requirements to Gaming Operators
Know Your Player: UK Issues New ID Requirements to Gaming Operators
New identity verification requirements for UK licensed online gaming operators were mandated; these are expected to go into effect on May 7.
AML
Article | 4 min
AML Collaboration: Why Regulated Entities Are Still Reluctant To Share Information
AML Collaboration: Why Regulated Entities Are Still Reluctant To Share Information
Efforts to optimize AML information sharing — the sharing of identity, monitoring, suspicious activity and other critical data — are mired in difficulties.
Identity Verification
Article | 6 min
Fighting Fake News: How Trust Technologies Can Counter Disinformation
Fighting Fake News: How Trust Technologies Can Counter Disinformation
Technology to create & disseminate disinformation is growing ever-more powerful. Policies and processes to fight fake news are fundamental to democracy.
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.
Individual Verification (KYC)
Article | 4 min
FinCEN’s Beneficial Ownership Rules: What Obliged Entities Need to Know
FinCEN’s Beneficial Ownership Rules: What Obliged Entities Need to Know
FinCEN Beneficial Ownership rules require procedures to maintain and update customer information including UBO information for legal entity customers.
Identity Verification
Article | 4 min
Micro-laundering: How Online Games Are Being Gamed by Fraudsters
Micro-laundering: How Online Games Are Being Gamed by Fraudsters
Micro-laundering – moving small amounts of money over the course of a large number of transactions, often across geographies — is gaining traction.
Identity Verification
Article | 4 min
Revisiting PSD2: One Year After Implementation, Here’s How Things Are Shaping Up
Revisiting PSD2: One Year After Implementation, Here’s How Things Are Shaping Up
It’s been a year since PSD2 compliance was necessary. The EU directive is considered by many to be the most consequential regulation to affect banking.
Identity Verification
Article | 5 min
How Banks Can Build Customer-centric Yet Compliant Onboarding Processes
How Banks Can Build Customer-centric Yet Compliant Onboarding Processes
How banks can provide its customers with a seamless onboarding experience while meeting its compliance obligations at the same time.
Individual Verification (KYC)
Article | 7 min
RegTech 2018: A Review of the Regulatory Environment
RegTech 2018: A Review of the Regulatory Environment
RegTech 2018 witnessed sweeping changes in regulations and significant growth – the sector grew by 23.5 percent.
Identity Verification
Article | 3 min
How Automation Can Solve Problems Around Maintaining an Audit Trail of Your KYC & AML Processes
How Automation Can Solve Problems Around Maintaining an Audit Trail of Your KYC & AML Processes
It's incumbent upon the compliance department to keep an audit trail of all actions pertaining to its AML and KYC processes.
Banking
Article | 4 min
Why Banks Need to Streamline Their Customer Onboarding Process
Why Banks Need to Streamline Their Customer Onboarding Process
38 percent of new banking customers will abandon the account creation process if they find that the onboarding process is taking too long.