Knowledge Base

Compliance Software, Cryptocurrency

What is KYC and Why do Crypto Custodians Require It?

Crypto custodians play an essential role in the global crypto ecosystem, securely storing digital assets for their customers. Due to the sensitivity of their business, they need to establish strong and secure anti-fraud measures in order to carefully vet their customers, and they are also subject to regulations that require them to carry out robust KYC and AML. This article takes a look at what those responsibilities are — and how they can be realized using Automated KYC.

30 May 2023
Regulatory Focus, Regulatory Series

Regulation Focus Series | Article 5: Switzerland & FINMA

While it’s mostly known for being a picturesque, mountainous country with one of the most advanced financial sectors in the world, Switzerland is also home to a dynamic virtual asset space. And although the country may have a reputation for banking secrecy, Swiss financial institutions and VASPs must adhere to strict KYC regulations designed to prevent money laundering and other illegal activities.

18 May 2023
Regulatory Focus, Regulatory Series

Regulation Focus Series | Article 4: Singapore and MAS

Singapore is a major global financial hub that is well known for its forward-thinking approach to regulation and business-friendly tax and legal system. The island nation has created some of the world’s most advanced AML/CFT regimes that place robust and effective KYC requirements at their center. For this regulatory focus article, we take a look at what those are and how they can be met with digital KYC solutions.

11 Apr 2023
Compliance, KYC Software

AML 101: The 10 Most Common Red Flags

AML 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
Authentication, Compliance Software, Customer Onboarding Tool

The Business Benefits of Digital Onboarding

Digital KYC onboarding allows businesses to authenticate their customers quickly, securely, and cost-effectively. As more companies move away from traditional methods of customer authentication — such as in-person identification checks or physical documentation analysis — digital KYC onboarding is becoming the preferred alternative, allowing companies to scale securely and efficiently in their current and new markets.

17 Mar 2023
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