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Individual Verification (KYC)
Article | 5 min
A new field is developing, SupTech (supervisory technology), which provides more transparent, tech & data-driven approaches to report and monitor activities
AML
Article | 4 min
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.”
Identity Verification
Know more about Mobile KYC processes to help build a level of trust that hearkens back to the days when commerce was done face-to-face.
Article | 6 min
More and more, technology is being utilized to alleviate some of the problems with identity for displaced people.
By using mobile network operator data, ID verification services will soon be able to identify unbanked individuals through possession of their phone.
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.
Mobile devices and their networks can provide a consistent proof of identity that brings security and increased access to financial services for everyone.
The future of identity is digital. That's why governments and organizations around the world are setting new goals and comprehensive digital ID frameworks.
The politics of Anti-Money Laundering (AML) legislation is a complex social and political question that touches on numerous debatable topics.
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