Knowledge Base

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
Regulatory Focus, Regulatory Series, Uncategorized

Regulation Focus Series | Article 3: United States and FinCen

As the world’s largest economy, the US is undoubtedly a global center of financial activity – and it has an advanced compliance regime to go with it. US financial regulations can be complex and are enforced by a number of government agencies, including the Financial Crimes Enforcement Network (FinCEN). This article explores what those regulations are and how regulated businesses can comply.

28 Feb 2023
Compliance Software, Customer Onboarding Tool, KYC Software, Payment Service Providers

Payment Service Providers: Level up your KYC / AML

PSPs need to carefully implement KYC/AML strategies and fraud prevention approaches on their clients in order to remain compliant with evolving regulations such as the EU’s 5AMLD and MiCA. This can become increasingly difficult as real-time payments grow in volume and geographic reach. In this article, we take a look at some of the KYC/AML issues PSPs need to be aware of – and how automated KYC technology can ease the process for them.

21 Feb 2023
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