Author name: Tanya Narayan

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

🗒️  Key Highlights Current data shows that 17% of the population in America change addresses each year, showing the importance

🗒️  Key Highlights Video KYC differs from traditional methods by enabling direct visual verification instead of only using scanned documents.

🗒️  Key Highlights Synthetic identity schemes created a $3.1 billion loss potential across the United States in 2023. Digital account