Fraud Prevention 5 Tips on Picking the Best KYC Compliance Management Software to Fit Your Business Needs Money laundering is a serious global issue, and KYC compliance management is critical to the fight against it. The right software can make all the difference in your business' compliance management program. A growing number of businesses worldwide are implementing Know-Your-Customer (KYC) compliance management software in their business models—and
Fraud Prevention Arbitrage Betting: Does It Harm Betting Businesses and What Is the Role of KYC in Detecting Arbers? Arbitrage betting is an undesired occurrence for many bookmakers. Discover how KYC can help identify arbers while keeping your business secure and your customers – satisfied.
Legal & Compliance Regulatory Specifics in Regions with High AML Risks Some regions pose particular threats of illegal financial activities. To secure your business, learn which regulations are adopted in AML high-risk countries and how to mitigate the potential hazards.
Fraud Prevention Multi-Accounting: is your business at risk? Multi-accounting is a number of accounts on one site (a social network, a special online service, and so on) that are managed by one person. It is used in completely different areas — for working with social networks, online shops, bets, and token sales. Users create dozens of accounts and, accordingly,
Legal & Compliance Combating Fraud in The Field Of Finance The problems of ensuring the economic security of any state are increasingly attracting the attention of the authorities, the public, and the scientific community. Economic security is a complex category reflecting all levels of public life. A high level of financial safety can be achieved only if effective methods of
Use Cases The identity verification process for sports betting and online gambling The identity verification process for sports betting and online gambling. Why does ID verification matter for sports betting and online gambling?
Legal & Compliance What do you need to know about sanctions and how to avoid risks The tense international situation provoked the introduction of new sanctions restrictions. A natural question that arises for every entrepreneur is how to find alternative solutions. How can they continue working given the current situation? To answer these questions, it will be necessary to consider several important innovations that will help
Fraud Prevention What is money laundering and how do you protect your assets? Money laundering is a problem that will not lose its relevance in 2022. Financial transactions involve "money mules". These are people who receive money from a third party into their own account and transfer it to another person or company. Transactions are usually done online. However, it is not uncommon
Fraud Prevention Digital fraud trends 2021 OverviewAccording to the US consumer credit agency TransUnion, the number of cases of digital data fraud increased by as much as 800% in 2021. Recently, an expanded annual report of the company on such abuses was published. It says that the fastest growing type of digital fraud is a scammed
Legal & Compliance Identity proofing: what is it and what is it needed for? Security systems have become part of our daily life. To unlock our phone, we use face recognition, and to enter the banking application, we use a fingerprint. Hospitals, financial institutions, our phones – all of them use a recognition system to ensure that you are the owner of the data and
Fraud Prevention Qualified electronic signature Today you can certify documents with a digital signature. This is the safest way of verifying your identity among all the others. It means that the person who signs the document is thoroughly familiar with its content and agrees with it. The algorithms for developing a qualification signature are more
Fraud Prevention Why is video identification more secure than face-to-face? The video identification system is one of the ways to verify the identity of the person online through video communication. It was created with the purpose to strengthen the security of users on the Internet. Usually, it is more credible when the person is present during certain operations. But in
Fraud Prevention Deepfakes and online identity verification Identity falsification occurs in all areas. You might have seen face replacement technology on the Internet when someone used the faces of famous people to create videos. The usage of artificial intelligence has made this method dangerous in many areas. That is the reason for the dissemination of false information,
