Estonian Identity Verification Service Veriff Raises $69M in Series B Led by IVP and Accel
Veriff's IDV and KYC services cross-reference users against government-issued IDs from 190 countries. The company experienced 600 percent revenue growth ...
Tag: KYC
KYC or “Know Your Customer” is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship. The term is also used to refer to the anti-money laundering regulations that govern these activities. KYC processes are used by companies of all sizes when conducting due diligence for the purpose of ensuring their proposed customers, agents, consultants, or distributors are in compliance with anti-bribery laws.
How to Outsmart Money Laundering Networks: a New Paradigm for More Efficient AML
This free 30-page eBook explores graph analytics as an AML tool to uncover money laundering networks and improve financial crime ...
FinCEN’s Registry Will Be a Game-Changer. It Will Also Place an Added Burden on Corporations.
The Corporate Transparency Act (CTA) passed last year mandates FinCEN to establish a national registry of ultimate beneficial ownership (UBO) ...
Adverse Media Screening: Relying on Google Alone Can Expose Organizations to Risk
Regulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative ...
Know Your Customer Partners with Refinitiv to Add World-Check Data in End-to-End AML and KYC Solution
Hong Kong, Singapore & Dublin (December 9, 2020) – Award-winning RegTech provider Know Your Customer is partnering with Refinitiv, a world-leading provider of financial ...
Global Financial Institution Fines for AML, Data Privacy and MiFID Rise 26% in 2020
APAC region saw single biggest regional increase from $6.6 million in 2019 to $5.1 billion in 2020 London, Dublin, New ...
Realizing Dynamic KYC in Banking
Sujata Dasgupta explores the emerging concept of perpetual, dynamic KYC and analyzes how AI-powered solutions can form the building blocks ...
Acuant Launches Acuant®GO No Code IDV and KYC Solutions for Agile Digital Transformation
Acuant®GO Provides the Fastest Go-To-Market Option with Proven, Secure Technology Los Angeles, CA (November 10, 2020) – Acuant, a leading global ...
Refinitiv to Add Fraud Prevention Capability with Acquisition of GIACT
Addition of GIACT, U.S.-industry leader in digital identity, payments verification and fraud prevention to enhance Refinitiv’s existing risk and compliance ...
The AMLCO, Reputation Risk and AML Scandals
Gustavo Fideney and Alvaro Ruiz Ostos conclude a two-part series with a discussion on the role of the anti-money laundering ...
Compliance Challenges Facing Businesses Amid COVID-19
The coronavirus crisis and general chaos of 2020 has created the perfect conditions for criminals to thrive. Opportunities are rife, ...
Anti-Money Laundering in Financial Services: A Primer
While AML and CFT aren’t necessarily simple matters, training on these topics can be made overly complex. Compliance pros Gustavo ...
