AML, KYC, Money LaunderingLiberty Reserve – The Digital Currency That Laundered MillionsLiberty Reserve was a leader in the digital currency world that has largely been forgotten. It’s lack of anti-money laundering procedures led to it’s downfall. Here’s the full story.13 Nov 2019
AML, CTF, KYC A primer on identification documents for KYC and AMLIdentification Documents are the backbone of most KYC and AML procedures. Here we explain this increasingly complex topic and show you how best to tackle it. 25 Sep 2019
AML, Blockchain, Compliance, FinTech, KYC The Impact Of Blockchain Technology On ComplianceCompliance is undergoing radical change in 2019, and likely in the years to come. The demands of international legislation designed to fight money laundering and terrorism financing, are significant and governance professionals everywhere are feeling the impact. 30 Jul 2019
AML, KYC KYC Processes — Everything You Need To KnowKnow Your Customer (KYC) is the process of identifying an individual or corporation before entering into a business relationship. 29 Jul 2019
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
AML, ATF, Compliance, KYC What is Know Your Customer (KYC) and how does it affect your business?Know Your Customer (KYC) describes a set of measures implemented by businesses that are designed to identify customers and report criminals. 8 Jul 2019
AML, Compliance, GDPR, KYC, Privacy What Is The Right To Be Forgotten?We all know that the internet never forgets. Once something is posted online, it remains there forever. But what happens when you google your name and outdated, embarrassing news appears in the search results? This is what happened to Mario Costeja Gonzalez, who subsequently sued and took his case all the way to the European Union’s Court of Justice. 29 Jun 2019
AML, Blockchain, Compliance, KYC, Money Laundering The 5 Largest Money Laundering Scandals of All Time…So FarMoney laundering has been around pretty much since money was invented. While governments and international agencies have strived to do more and more to prevent it from happening, there have been some unbelievable cases over the years. It is estimated that approximately $2 trillion is laundered every year, but we wanted to highlight some of the biggest cases of all time. 25 Jun 2019
AML, FinTech, KYC, RegTech What is an Ultimate Beneficial Owner (UBO)?Compliance requirements are continuously evolving, with new anti-money laundering acts being passed every year. The onus is on businesses of all sizes to keep pace with the ever changing regulatory landscape. 24 Jun 2019
AML, CDD, Compliance, EDD, KYC What Is Customer Due Diligence (CDD)?Customer Due Diligence is an evolving process of assessing the risks posed by customers. Anti-Money Laundering (AML) and Know Your Customer (KYC) legislation stand at the heart of modern due diligence procedures. 13 Jun 2019
