KYC

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

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

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

Compliance, Compliance Software, Customer Onboarding Tool, KYC, KYC Software

KYC Automation: The Crypto Exchange Solution

As global Anti-Money Laundering (AML) legislation expands to include crypto companies and exchanges, the rising costs and complexity of compliance have quickly become apparent. Luckily, advanced Know Your Customer (KYC) automation tools can provide a welcome solution for companies in the crypto space seeking to streamline customer onboarding while keeping on the right side of regulation.

16 Oct 2020

AML, KYC, KYC Software, RegTech

Balancing Technology with Human Insight: AML in 2020 and Beyond

While impressive, giant steps have been made in the way technology is used to optimize global Anti-Money Laundering (AML) efforts, technology still can’t – and probably shouldn’t – replace the role humans have to play in designing and directing AML efforts, research and policy prescriptions.

8 Oct 2020

COVID-19, KYC, Kyc Chain

How is COVID-19 Impacting KYC?

COVID-19 (also known as the Coronavirus) is having a profound impact on every part of our lives, and KYC is no exception. Businesses are having to digitize at an unprecedented pace. Here’s the full story.

9 Apr 2020