Compliance, KYC Software AML 101: The 10 Most Common Red FlagsAML red flags are warning signs that an individual or business presents a higher risk of engaging in money laundering and other illicit financial activity. By establishing structured and consistent methods for identifying red flags, regulated businesses can optimize their AML processes and effectively meet their compliance challenges. In this article, we outline the top 10 AML red flags — and how to detect and deal with them using automated KYC solutions. 24 Mar 2023
Bitcoin, Compliance, Cryptocurrency, KYC, Risk Management What is Risk-Based Approach (RBA) in KYC/AML?In the mid-1990s, KYC and AML regulations were still new and prescriptive in nature. Banks and Financial Institutions were forced to tick the boxes and follow best practices. 24 Jul 2019
Bitcoin, Compliance Software, KYC Software OAX Foundation Announces Partnership with KYC-Chain to Bring Compliance Controls to Digital Asset TradingOAX Foundation and KYC-Chain have today announced an agreement to promote strong governance standard in digital asset trading. 19 Mar 2019