Author name: Tanya Narayan

🗒️  Key Highlights Credit unions typically need articles of incorporation, EIN verification, business licenses, partnership agreements, and UBO identification for

🗒️  Key Highlights Canada is considering increasing fines for AML violations by up to 40 times, signaling a tougher stance

🗒️  Key Highlights Knowledge-Based Authentication (KBA) is a premium second-factor authentication method that provides a high level of identity verification

🗒️  Key Highlights Smurfing is the process of breaking a large amount of money into smaller transactions to avoid detection

🗒️  Key Highlights As per Occupational Fraud 2022 report, more than 85% of employee fraud cases showed warning signs before

🗒️  Key Highlights The financial sector struggles with a massive $125 billion burden from chargebacks, representing substantial losses across the

🗒️  Key Highlights Over 50% of financial institutions still handle 31-60% of their KYC reviews manually, highlighting the ongoing operational

🗒️  Key Highlights A misaligned investor who’s hard to buy out can cost your business more than passing up their

🗒️  Key Highlights Starting a business requires three main documents: securing a company name, submitting Articles of Incorporation or Organization,