An Interview With Bitbond General Counsel Henning Franken
Today we’re very lucky to bring you an interview with Henning Franken. Henning is a distinguished lawyer with an impressive resume spanning over 15 years.
While KYC is usually discussed in terms of the information individuals must provide to onboarding institutions, the Corporate KYC procedures tend to be more detailed, complicated, and by extension costly. Here we discuss the challenges of Corporate KYC and the solutions that are becoming available to overcome them.
Over the last two decades, terrorist financing has become one of the most devastating financial crimes in the world. It’s always been prevalent, but it wasn’t until the horrendous 9/11 terrorist attacks, that regulators started to give the topic special attention.
An accredited investor can be broadly defined as an individual or business authorized to sell securities that are not registered with a regulatory authority. They can include high net worth individuals, financial institutions, investment and insurance companies, and various other kinds of persons and corporations.
Money laundering is a practice almost as old time itself. From as early as 2000 BCE, wealthy Chinese merchants would move their profits outside of China, as the government did not support commercial trading. They would then reinvest their smuggled funds into other enterprises, a technique still used today.
Biometric Identification has been with us since the beginning of recorded time. Archeologists have found evidence of handprints being used in the Qin Dynasty (221–206 BC) to identify criminals and track their illicit activity.