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Compliance
Article | 4 min
In the corporate compliance space, artificial intelligence or machine learning has had an impact in two areas: financial misappropriation and due diligence.
Identity Verification
Article | 5 min
As stated in the first clause in the eIDAS regulation: “building trust in the online environment is key to economic and social development.”
AML
For obliged entities, an Anti-Money Laundering Compliance Program (AML) is critical and requires steps to helps mitigate the risk.
Article | 8 min
Personally Identifiable Information (PII data) protections are enshrined in many jurisdictions and are increasing in their scope, powers and penalties.
Individual Verification (KYC)
A new field is developing, SupTech (supervisory technology), which provides more transparent, tech & data-driven approaches to report and monitor activities
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.”
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.