Legal & Compliance Stay Ahead of the Game: How to Ensure KYC and AML Compliance in the DeFi Era A brief overview of Know-Your-Customer and Anti-Money-Laundering Compliance in the DeFi Era. Learn the best practices.
Use Cases 2022's Largest AML Fines Learn about some big AML fines of 2022 and inspect those violations that led to severe financial consequences.
Legal & Compliance What is a CPF? Exploring the CPF Check for Brazil's Market Explore the CPF check for the Bazilian market as a tool for identity verification and compliance.
Legal & Compliance Navigating the Future of KYC: What to Expect in 2023 As the world moves further into the digital age, the need to protect customer identity online is becoming increasingly important. Financial organizations, in particular, must be able to identify and verify customers for compliance with anti-money laundering and know-your-customer (KYC) regulations. With developments in digital identity, blockchain technology, and artificial
Legal & Compliance Compliance Solutions for NFT Marketplaces: The Role and Options Learn about regulatory challenges NFT marketplaces face and solutions that can radically streamline and facilitate their AML/KYC compliance-related routine
Legal & Compliance KYC & AML Compliance in the USA Today it's already a common practice for financial systems to use tools for clients' verification to prevent fraud and fight money laundering. The conditions of the current state of the banking system involve the absence of operations anonymity, financial organizations fighting for transaction transparency, moreover, it's possible to take out
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.
Legal & Compliance Online Identity Verification is a Shield to the Cryptocurrency Future Regulatory compliance is a severe challenge in the crypto world. Explore how KYC procedures can expand the adoption of blockchain by delivering safety and preserving user privacy.
Legal & Compliance 5 Reasons Why Identity Verification Solutions Should Be a New Standard for Every Serious Business Venture Digitalization brings new challenges and risks to businesses and consumers. By making data more accessible than ever, cybercrimes such as data breaches, identity theft, and fraud are more rampant than ever. You need to invest in the right tools to protect your company and customers from potential threats and attacks
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?
Technologies An Insider’s Look at RegTech Many who are knowledgeable about Know-Your-Customer (KYC) and Anti-Money Laundering (AML) come from a financial institution background. They have a keen awareness of the challenges in maintaining high standards of compliance. These requirements apply not only to banks but also to companies and platforms that partner with credit unions and
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
Kycaid platform Why is classic KYC not enough to meet all business needs? Protecting the business from risks and rash steps is what the head of every large company thinks about. Cooperation with unproven brands or clients can not only ruin the reputation but also cause irreparable damage. That’s why many people use the KYC principle ("know your customer"), which helps to
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
Technologies Identity verification Introduction for the newbiesWhat is identity verification?Identity verification is used in various fields, from banking institutions to hospitals. After passing the check, the person confirms that it is he who performs specific actions and this is not an attempt to cheat. This system is used by financial companies. For
Legal & Compliance KYC Pros and Cons Banks and cryptocurrency exchanges, the activities of which are based on financial transactions, resort to the “Know Your Customer” system. The KYC rules ensure verification of a person's identity for participation in illegal organizations, seized accounts, or possible sanctions. Before making your first transaction, you need to submit documents: your
Legal & Compliance How does knowing your customer process work? All financial companies use KYC as a set of requirements for identity verification. Thus, banks and crypto exchanges know who is registered on their platform and uses their services. Let's take a closer look at the verification process. While it differs from company to company, the purpose is the same
Legal & Compliance Introduction to KYC What does KYC mean? KYC is an identity verification procedure used by all financial institutions from crypto exchanges to national banks. Know Your Customer identifies a person for security purposes and builds trust between customers and service. This system was created as a means to stop financial transactions for money
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
