Blog Business Verification (KYB) Page 5
All Business Verification (KYB)
Identity Verification
Article | 3 min
Tech Must Fight €1.87 Trillion AML Problem
Tech Must Fight €1.87 Trillion AML Problem
It is imperative that a safe system of information sharing is developed to securely access databases to flag potentially high-risk individuals/entities.
Identity Verification
Article | 3 min
Combating Financial Crime in Fast Growing Economies - New Tools to Fight Money Laundering
Combating Financial Crime in Fast Growing Economies - New Tools to Fight Money Laundering
Implementing systems to help businesses automate the on-boarding process and comply with AML and KYC regulations is key to combating financial crime.
AML
Article | 5 min
The Battle Against Money Laundering in the Great White North
The Battle Against Money Laundering in the Great White North
A March 2019 US State Department International Narcotics Control Strategy Report on Money Laundering, declared Canada as a “major money laundering country.”
Individual Verification (KYC)
Article | 6 min
Know Your Client: Should Lawyers Be Regulated Like Financial Institutions?
Know Your Client: Should Lawyers Be Regulated Like Financial Institutions?
A look at myriad legislative attempts made to bring formation agents, specifically lawyers, under the purview of the BSA.
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.
Individual Verification (KYC)
Article | 5 min
Know Your Micro-Merchants
Know Your Micro-Merchants
The need to know your micro-merchant is becoming more vital — proper protocols to protect merchant acquirers and the merchants themselves are necessary.
Identity Verification
Article | 3 min
Trulioo Extends Global Identity Verification Coverage to Czech Republic and Slovakia
Trulioo Extends Global Identity Verification Coverage to Czech Republic and Slovakia
Trulioo, the world’s leading identity verification company, can now be used to verify customers in Czech Republic and Slovakia.
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.
Identity Verification
Article | 2 min
Fintech Conference to Bring the Who’s Who of Finance and Technology Under One Roof
Fintech Conference to Bring the Who’s Who of Finance and Technology Under One Roof
Fintech conference to bring the "who’s who" of finance and technology together under one roof - November 27-28, San Francisco, CA.
Identity Verification
Article | 4 min
Identity Checks — Creating Quick and Secure Onboarding Processes
Identity Checks — Creating Quick and Secure Onboarding Processes
Identity checks, if done properly, deliver a seamless customer onboarding experience along with the necessary security and risk-mitigation measures.