Knowledge Base

AML and KYC regulations for Fund Administrators and Managers

Fund managers and administrators are key drivers of economic activity and are involved in virtually all sectors of the world economy – which makes the particularly vulnerable to exploitation for financial crime. In this article, we’ll be covering some of the key AML and KYC regulations that apply to fund managers/administrators globally, as well as in some of the major fund management centers.

22 Nov 2022

Kyc Onboarding Solution, Launchpads

Why is KYC needed for Launchpads?

Crypto launchpads need to implement KYC on their users as security forms a key component of their value offering. By implementing effective KYC as part of their onboarding process, launchpads can verify investor identities, build trust and provide the crypto ecosystem with a secure path to future growth.

25 May 2022

Aml And Kyc Tool, EDD, PEPS

Pandora Papers: The Importance of Enhanced Customer Due Diligence

The Pandora Papers represent one of the largest leaks of offshore banking and ownership data in history, revealing how politicians and their inner circles have hidden their often ill-obtained wealth using complex offshore structures. They also demonstrate how financial services companies need to implement KYC that can identify Politically Exposed Persons – and enhanced due diligence that can assess their risk profile.

28 Apr 2022

KYC Software

Importance of an Integrated KYC solution for your compliance program

KYC is a blanket term that is used to refer to an assortment of processes and checks that are used to establish and verify an individual or entity’s true identity. In this article, we’ll be taking a look at why it’s important to have an integrated KYC system that is able to carry out a full suite of KYC checks on potential customers.

12 Apr 2022

KYC, KYC Technology

The Risk-Based Approach to Identity Verification

As innovative projects and companies continue to develop new digital services, there is a growing challenge to balance compliance with the ability to scale. By implementing the Risk-Based Approach through automated KYC, companies can optimize their compliance resources and grow their customer bases with confidence.

31 Mar 2022

Biometrics, KYC Technology

Frictionless Digital KYC Onboarding with Liveness Detection

In order to counter the ever-growing threat of stolen, fraudulent or fabricated identity data being used to access services, a KYC process needs to be able to verify that the applicant is in fact real – in other words, to evaluate their ‘Liveness’. Passive Liveness allows companies to provide customers with frictionless onboarding while offering a new level of protection against identity fraud.

14 Mar 2022

Auditors, KYC Technology, Precious metals and stones, Real estate

KYC: An Imperative for every ‘gatekeeper’ industry

Companies from a wide range of different sectors that act as effective “gatekeepers” to the financial system either conduct – or should be conducting – KYC checks. These include real estate, law, corporate service and auditing firms, precious metal and stone dealers – essentially any company that provides access to assets or the financial system in a way that could be manipulated for money laundering.

24 Feb 2022

DeFi, KYC

KYC for DeFi Platforms

The proliferation of DeFi platforms and services has brought enormous changes and opportunities to financial services. It has also attracted the attention of global regulators whose task is to prevent money laundering and other forms of criminal and terrorist financing. DeFi platforms can implement automated KYC onboarding that ensures compliance, prevents fraud and builds trust – while maintaining their decentralized credentials.

11 Feb 2022

Aml And Kyc Tool, PEP, Sanction Screening

Sanctions and PEP screening in the KYC process

Bribery, theft, lost opportunities: the threats posed by corrupt politicians to communities are immense. In parallel, inadvertently facilitating the laundering of illegally-acquired funds is also a major threat for financial or virtual asset service providers. By implementing ongoing sanctions lists and PEP data screenings in their KYC process, businesses can lower their risk of regulatory fines – and help fight a serious global problem.

20 Jan 2022

AML, Regulation

Most Common Reporting Mistakes in KYC / AML Compliance

With the demand on compliance teams growing by the day, it’s no easy task for many smaller financial institutions and VASPs to keep up with the demands of global regulatory authorities. For this first article of 2022, we’ll be focusing on some of the major reporting mistakes human compliance teams can make – and how automated KYC can improve the process.

4 Jan 2022

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