How to Find UBO of a Company
🗒️ Key Highlights As revealed in the Stolen Asset Recovery Initiative, anonymous companies were involved in hiding the proceeds of […]
Product
How to Handle Failed Customer KYC Verifications
🗒️ Key Highlights Inadequate KYC processes can erode customer trust, leading to lost business and partnerships. Without proper KYC procedures,
7 Common Types of Identity Fraud to Watch For
🗒️ Key Highlights More than 1.1 million identity theft reports were filed in 2022 through the FTC’s IdentityTheft.gov. Consumers lost
How to Handle Failed KYB Verification?
🗒️ Key Highlights Non-compliance with KYB requirements may lead to significant penalties for businesses or financial institutions, including fines, license
How to Conduct Regulatory Compliance Gap Analysis
🗒️ Key Highlights Financial institutions globally spent $213.9 billion on financial crime compliance in 2021 – yet gaps persist. A
Global KYC Compliance Process By Region: US, Canada, Europe, MEA
🗒️ Key Highlights Global financial institutions have paid over $10 billion in KYC-related fines recently, with some individual fines topping
What Is Layering In Money Laundering?
🗒️ Key Highlights Layering involves moving illegally acquired money through various accounts and geographies to make it difficult to trace
Complete Guide to Proof of Address Verification: What It Is, Steps & Methods
🗒️ Key Highlights Under the Bank Secrecy Act (BSA), businesses must maintain address verification records for a minimum of 5
What is biometric verification? Step-by-step process for businesses: Methods, examples, pros and cons
🗒️ Key Highlights An NFC chip’s encrypted communication happens in microseconds, yet it’s complex enough that breaking its security would
What is NFC? NFC Chip, Uses, Working, Pros and Cons
🗒️ Key Highlights An NFC chip’s encrypted communication happens in microseconds, yet it’s complex enough that breaking its security would