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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 | 6 min
REAL ID Act — Federal Security Standards for Identification Documents
REAL ID Act — Federal Security Standards for Identification Documents
Enacted in 2005, The REAL ID Act (Real ID) sets federal standards for driver’s licenses and identification cards from states.
Business Verification (KYB)
Article | 4 min
US Beneficial Ownership Rules — FinCEN CDD Final Rule
US Beneficial Ownership Rules — FinCEN CDD Final Rule
The Customer Due Diligence Requirements for Financial Institutions (CDD Rule), including new beneficial ownership rules, are coming May 11.
Trust and Safety
Article | 4 min
Restoring Trust: EU-US Privacy Shield Replaces Safe Harbor
Restoring Trust: EU-US Privacy Shield Replaces Safe Harbor
After Safe Harbor was struck down in the European Court of Justice in October 2015, a new agreement dubbed Privacy Shield has replaced it.