What are PEPs and Sanction Checks?
In today’s developing business environment, thorough Politically Exposed Persons (PEPs) screening and sanctions screening not only serve compliance purposes but […]
What is Customer Due Diligence? CDD Types, Requirements, Applicability, and More
The Latin phrase “Caveat Venditor” meaning “Let the seller beware”, finds a whole new meaning with Customer Due Diligence (CDD).
How AML Transaction Monitoring Protects Financial Businesses
Money laundering is a serious issue faced by economies across the world. According to the United Nations Office on Drugs
Breaking Down the New AML/CFT Rules– Overview, Comparison, Scope, and More
The US Government’s Financial Crimes Enforcement Network (FinCEN) proposed new rules for the AML and CFT on July 3rd, 2024.
What is Biometric Verification? Meet the Next Level of Security
🗒️ Key Highlights Biometric verification is one of the newest forms of security and identification measures. Biometric verification makes use
Examples of Money Laundering
🗒️ Key Highlights Three Stages of Money Laundering: Money laundering typically involves three stages: placement, layering, and integration. Common Money
OCR in Passport Verification
In today’s digital age, the need for efficient and secure methods of verifying identity documents has never been greater. One
What is SSN in Background Verification?
In today’s digital and interconnected world, background verification has become a crucial part of many processes, from hiring employees to
How Long Does It Take to Verify a Bank Account?
In our fast-paced, digital world, efficiency and speed are paramount, especially when it comes to financial transactions. One of the
How does ID document verification work?
What is ID Verification? ID Document Verification is the process of validating and confirming a customer’s identity through several validity