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🗒️  Key Highlights Non-compliance with KYB requirements may lead to significant penalties for businesses or financial institutions, including fines, license […]

🗒️  Key Highlights Financial institutions globally spent $213.9 billion on financial crime compliance in 2021 – yet gaps persist. A

🗒️  Key Highlights Global financial institutions have paid over $10 billion in KYC-related fines recently, with some individual fines topping

🗒️  Key Highlights Layering involves moving illegally acquired money through various accounts and geographies to make it difficult to trace

🗒️  Key Highlights Under the Bank Secrecy Act (BSA), businesses must maintain address verification records for a minimum of 5

🗒️  Key Highlights An NFC chip’s encrypted communication happens in microseconds, yet it’s complex enough that breaking its security would

🗒️  Key Highlights  An NFC chip’s encrypted communication happens in microseconds, yet it’s complex enough that breaking its security would

🗒️  Key Highlights Non-compliant crypto firms face fines of up to $25,000 per day, per FinCen. U.S. FinCEN fined Bittrex

🗒️  Key Highlights The US government has issued over 450 million Social Security Numbers since its creation in 1936. SSN

The state of Texas is home to more than 7,000 funded startups and over 70 unicorns, as per a report