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Latest articles

A new expression for Veriff: the story behind our enhanced brand identity  

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A new expression for Veriff: the story behind our enhanced brand identity  

We are thrilled to unveil Veriff’s new brand identity, reflecting our next stage of growth and our mission to bring real safety, protection and transparency to the internet. Here’s more on why we did it.

Enablers Act expands anti-money laundering requirements

KYC news

Enablers Act expands anti-money laundering requirements

At present, financial institutions such as banks are required to investigate their clients and their sources of wealth or funds. But, until now, many other financial gatekeepers have been exempted from so-called ‘due diligence rules’.

EU lawmakers say NFT platforms should be subjected to money laundering regulations

KYC news

EU lawmakers say NFT platforms should be subjected to money laundering regulations

If new legislation passes, it will mean that all NFT marketplaces will have to assess the risk of illicit finance flowing through their systems and carry out identity checks on new customers and suspicious transactions.

Crypto KYC and blockchain

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Crypto KYC and blockchain

Crypto KYC is the first step in the anti-money laundering (AML) due diligence process. When a financial institution such as a crypto exchange onboards a new customer, they must use KYC processes in order to identify and verify the customer’s identity.

KYC onboarding

Blog

KYC onboarding

The KYC onboarding process is the customer due diligence (CDD) process that regulated entities such as banks are required to undertake before they onboard a new customer. The ultimate goal of the KYC onboarding process is to fight fraud, money laundering, and tax evasion.

KYC in gaming

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KYC in gaming

As well as providing benefits for businesses, KYC in gaming also provides benefits for customers, too. Much like how a reputable company must provide its users with fair games and a secure gaming environment, these companies must also show their users that their personal information is being handled appropriately and then safeguarded.

Gartner market guide for identity proofing and corroboration

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Gartner market guide for identity proofing and corroboration

A new report from Gartner explores the current state of the identity proofing market. Gartner recommends that organizations try to balance the often competing demands of trust, compliance, and UX by assessing the full range of identity proofing and affirmation capabilities.

Customer due diligence for banks

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Customer due diligence for banks

When a customer opens an account with a financial institution, customer due diligence checks usually take place. During this process, the customer’s identity is verified and the risks associated with allowing that customer to open an account are assessed. Read on to discover why the process matters to banks today.

EU reaches provisional agreement on transparency of crypto asset transfers

KYC news

EU reaches provisional agreement on transparency of crypto asset transfers

By introducing the so-called ‘travel rule’, the EU aims to ensure financial transparency on exchanges involving crypto assets. The rule will also provide the EU with a framework that will comply with recommendations 15 and 16 of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog.

Money laundering watchdog pushes for rules on crypto information sharing

KYC news

Money laundering watchdog pushes for rules on crypto information sharing

A survey commissioned by the Financial Action Task Force (FATF) has revealed that only 30% of jurisdictions have passed rules to help prevent the illicit use of cryptocurrencies. 

What is KYC in crypto?

Blog

What is KYC in crypto?

KYC is a requirement you’ll encounter on almost all centralized crypto exchanges. That said, it is still possible for customers to purchase crypto without going through a crypto KYC process. However, these methods are far more complicated and much riskier. Read on to find out more.

Anti-money laundering customer due diligence

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Anti-money laundering customer due diligence

Customer due diligence is a foundation of know your customer (KYC) processes and AML strategies. CDD requires companies to understand who their customers are, their financial behavior, and what kind of money laundering or terrorism financing risk they present.

Cryptos under pressure as regulators call for stricter supervision

KYC news

Cryptos under pressure as regulators call for stricter supervision

Regulatory bodies are currently aware of the risks that cryptos could pose to the broader financial system. To counter any future risks, the BIS paper proposed enhancing the collection and publication of cryptocurrency trading data in a more rigorous manner, such as through “embedded supervision”.

Crypto industry aims to exempt NFTs and DeFi from tax reporting rules

KYC news

Crypto industry aims to exempt NFTs and DeFi from tax reporting rules

Authorities are attempting to calculate whether digital assets are riskier when it comes to assessing tax compliance, and thus deserving of further scrutiny.

How to verify user identity

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How to verify user identity

By verifying the identity of customers before they can make a transaction or access a service, businesses can prevent identity fraud, help customers keep their information safe, and meet global compliance.

Studies show that banks caught laundering cash will lose customers

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Studies show that banks caught laundering cash will lose customers

With such a notoriously competitive environment, customers are now acutely aware of the benefits switching can provide and how many alternate lenders are available. As a result, they’re placing heightened importance on ethical behavior in the sector.

Think tank calls for changes to international crypto regulation

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Think tank calls for changes to international crypto regulation

New research drafted by the Basel Institute of Governance and The International Academy of Financial Crime Litigators, has suggested that action against illicit crypto markets must be more coordinated.

What are age verification systems?

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What are age verification systems?

By verifying the age of your customers before they access your site, you can build trust and prevent identity theft and synthetic fraud. Furthermore, age verification systems can also help you protect the younger generation from any adverse effects that may be caused by them accessing age-restricted goods and services.

What is biometric data?

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What is biometric data?

Biometrics are at the cutting edge of technology. Not only does biometric data add great convenience for customers who no longer need to remember complex passwords, but this data also provides greater levels of security.

Veriff vs Persona

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Veriff vs Persona

Identity verification offers a range of benefits to businesses and honest customers in the digital world. To learn more about the sector's providers, read this deep-dive comparing Veriff and Persona, including key features, costs, and client feedback.

Patient identity proofing

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Patient identity proofing

From ordering prescriptions to booking appointments, access to medical services online has grown massively - and so has the need to verify patients. Discover how patient identity proofing is helping the healthcare sector address risks such as incorrect records, delayed payments, and medical fraud.

How to check identity online

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How to check identity online

From onboarding more honest users to achieving global compliance, checking identity online brings a variety of benefits to businesses. Read on to discover how to optimize identity checks, the processes that make up identity checks, and the impact that technology has made on identity checks.

Veriff now supports Arabic documents

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Veriff now supports Arabic documents

Veriff now supports Arabic identity documents for identity verification that use the Arabic alphabet.

Digital transformation in banking

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Digital transformation in banking

In an increasingly virtual world, long-running sectors like banking are looking to embrace innovation, benefiting both businesses and customers. However, risks can come about in choosing the right technology, implementation, and guaranteeing efficiencies. Read on to discover common pitfalls and tips for success.

What is a digital identity?

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What is a digital identity?

Digital identity works as a technological link between the real you and your digital equivalent. This means your online identity can be used to perform daily tasks, such as accessing your bank account or booking appointments. Used correctly, a trusted digital identity can also improve security and streamline identity and authentication processes.

Market entry and compliance: What gaming businesses need to know

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Market entry and compliance: What gaming businesses need to know

As gaming expands across the globe, businesses of every size need to establish their brand, build credibility, and ensure full compliance to succeed. Peter Murray, Veriff's Head Of Gaming, delves into the key challenges and opportunities that lie ahead in a time of growth.

From academia to the startup world

Our people

From academia to the startup world

Meet our Data Scientist – Paco Romero Ferrero. After having multiple years of experience in the academic world as a PhD researcher, he joined our team in March 2022 to face new challenges and grow as a professional.

What are the penalties for money laundering?

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What are the penalties for money laundering?

Money laundering encompasses a range of criminal acts, with each carrying different legal penalties based on the degree of severity. What constitutes money laundering today? How are investigations carried out? Plus, what do businesses need to do to achieve legal compliance? Read this blog to find out more.

How to prevent money laundering in banks

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How to prevent money laundering in banks

Money laundering is a prevalent risk for banks, with potential consequences including substantial legal penalties and reputational harm. Discover how banks can stay ahead of bad actors, achieve compliance, and reap the benefits of technological innovation.

Veriff Expands its Services to 45 languages

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Veriff Expands its Services to 45 languages

Veriff adds five new languages to its platform to meet growing global customer demand.

Fighting the scariest things online in the US

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Fighting the scariest things online in the US

We surveyed 1,000 US adults and analysed crime data to reveal which online crimes are most common. Here's an overview of the scariest things online in the US.

Fighting the scariest things online in the UK

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Fighting the scariest things online in the UK

Here's an overview of frauds and cyber crimes that are being reported the most frequently in the UK.

What are verification procedures?

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What are verification procedures?

Verification procedures have a number of purposes, from preventing fraud and money laundering to validating a customer's identity. As verification procedures become more sophisticated and commonplace, this blog details why, when and where they take place today.

Identity fraud prevention

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Identity fraud prevention

Identity fraud is a major risk for online users, with the possibility of financial, reputational and legal consequences. This blog delves into what businesses are doing to ensure online safety, key steps for staying out of harm's way, and the types of identity fraud that exist today.

What are anti-money laundering regulations (AML)?

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What are anti-money laundering regulations (AML)?

AML regulations make it much harder for criminals to hide profits they've generated from criminal activities. Discover how the legislation has been amended, the rules that businesses need to follow, and the types of businesses that the regulations cover.

Anti-money laundering software (AML)

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Anti-money laundering software (AML)

Anti-money laundering software is a versatile tool; some companies use it for data management purposes, others use it to monitor and flag suspicious financial activities. Read on to learn how it helps companies meet global compliance and key features of AML software.

Online identity verification methods

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Online identity verification methods

Online identity verification is an essential practice for navigating the digital world, from engaging in commerce to accessing age-gated material. Discover more about the different types of online identity verification and the technology that drives it.

What is AML compliance?

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What is AML compliance?

We're taking a deep dive into AML compliance, including the pillars of effective AML compliance programs, how your business can become compliant, and what happens if you fail compliance checks.

What is structuring in money laundering?

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What is structuring in money laundering?

Financial institutions are at risk of fraudsters looking to evade anti-money laundering legislation through the use of complex schemes, including the practice of structuring. Find out what structuring involves, the potential penalties, and how technology is a key tool to stop bad actors.

The benefits of biometric authentication

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The benefits of biometric authentication

Biometric authentication takes many forms, including voice biometrics, behavioral biometrics, and facial recognition technology. The broad and thorough process creates significant security advantages for businesses and customers.

How to detect money laundering

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How to detect money laundering

Money laundering poses a major risk in today's economy. Discover the different types of money laundering, warning signs of the practice, and how regulatory compliance addresses money laundering.

Council of Europe calls on member countries to crack down on digital asset money laundering

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Council of Europe calls on member countries to crack down on digital asset money laundering

Formed in the wake of World War II, the Council of Europe is an organization that’s committed to upholding human rights, democracy, and the rule of law in Europe. The organization has specialized committees that deal with specific issues under its mandate. This includes MONEYVAL, which focuses on anti-money laundering and curbing the financing of terrorism.

Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

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Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

Advanced identity verification technology and know your customer offerings provide seamless verification process for Twisto customers and ensure compliance

Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

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Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

We did it again! Our second hackathon was full of fresh ideas, motivated participants, and positive outcomes. To give you a better overview and insight, we interviewed the organizer Kalev Rundu, Senior Product Manager at Veriff, and two Veriffians that took part. 

Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

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Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

Trustpilot has partnered with Veriff to seamlessly verify online consumer reviewer profiles. Trustpilot has already verified more than 50,000 consumers on its platform within the first months of its collaboration with Veriff.

Feds charge two 20-year-olds in alleged NFT money laundering scheme

KYC news

Feds charge two 20-year-olds in alleged NFT money laundering scheme

The ice-cream-themed NFTs involved in the scheme were known as ‘Frosties’. Early investors were promised future giveaways, access to future releases, and a metaverse game built around the brand. However, prosecutors allege that Ethan Nguyen and Andre Llacuna executed a ‘rug pull’ in January.

Hackers stole more than $600 million in crypto – but they’re struggling to launder it

KYC news

Hackers stole more than $600 million in crypto – but they’re struggling to launder it

The thieves are struggling to exchange the dirty cryptocurrency for cleaner funds. After all, governments around the world have ramped up law-enforcement efforts to seize stolen funds and bolstered money-laundering regulations for crypto exchanges. Such efforts make transferring the funds to exchanges difficult. 

NFTs: Money laundering and wash trading on the rise

KYC news

NFTs: Money laundering and wash trading on the rise

The company analyzed NFT sales to self-financed addresses and found that several NFT sellers have conducted hundreds of ‘wash trades’. These trades involve the seller being on both sides of the transaction, and they’re used to paint a misleading picture of an NFT’s value and liquidity.

EU wants anti-money laundering regulator to monitor crypto

KYC news

EU wants anti-money laundering regulator to monitor crypto

Due to fresh concerns over money laundering in the space, the European Union (EU) is aiming to bolster its oversight of the cryptocurrency industry by providing its new anti-money laundering watchdog with greater powers. 

Legislation to crack down on dirty money in the UK introduced in parliament

KYC news

Legislation to crack down on dirty money in the UK introduced in parliament

On 1 March 2022, the UK government brought forward the Economic Crime (Transparency and Enforcement) Bill. The legislation intends to clamp down on dirty money and was described by the government as a ‘landmark step’ towards doing so.

AML fines drop as regulators clamp down on crypto

KYC news

AML fines drop as regulators clamp down on crypto

The latest review found that the value of fines issued to financial services firms for AML failings globally fell from $2.2bn in 2020 to a new low of $1.6bn in 2021. For context, $3.3bn worth of fines were issued in 2018.

Tackling rising fraud risks to achieve global compliance in 2022

Webinars

Tackling rising fraud risks to achieve global compliance in 2022

Veriff’s latest webinar with Compliance Week delves into key fraud trends witnessed over 2021 and 2022, covering global markets and a variety of sectors. Speakers on the panel included Veriff's Munna Poddar and Aleksander Tsuiman.

Will money laundering become easier in the metaverse?

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Will money laundering become easier in the metaverse?

Ever since Mark Zuckerberg unveiled Facebook’s rebrand to Meta in October 2021, much of the talk in digital circles has centered on how web3.0 and the metaverse could shape the future of the internet. 

Australia at risk of becoming a haven for Russian cash due to weak money laundering laws

KYC news

Australia at risk of becoming a haven for Russian cash due to weak money laundering laws

Some experts believe that Australia is at risk of becoming a haven for cash belonging to oligarchs who are seeking to avoid sanctions. At present, the country is only one of three (alongside Haiti and Madagascar) that are yet to commit to bringing lawyers, accountants, and real estate agents under the umbrella of anti-money laundering and counter-terrorism finance laws.

China launches three-year anti-money laundering campaign

KYC news

China launches three-year anti-money laundering campaign

At the end of January 2022, China launched a three-year anti-money laundering (AML) campaign. According to a government statement, the campaign intends to safeguard national security and social stability. 

Treasury releases report on money laundering risks in the art market

KYC news

Treasury releases report on money laundering risks in the art market

When the Anti-Money Laundering Act 2020 (AMLA) was passed, the definition of a ‘financial institution’ was expanded to include anyone “engaged in the trade of antiquities, including an advisor, a consultant, or any other person who engages as a business in the solicitation or the sale of antiquities.” 

Global money-laundering operation stops $2.6 million passing through Australia’s financial institutions 

KYC news

Global money-laundering operation stops $2.6 million passing through Australia’s financial institutions 

Following a worldwide operation involving law enforcement agencies from 27 countries, 18 Australians are facing criminal charges relating to money laundering offenses.

AML fines reached $2.2 billion in 2020

KYC news

AML fines reached $2.2 billion in 2020

Studies have shown that fines for AML failings by regulated institutions were five times higher in 2020 than they were in 2019. In total, AML penalties for 2020 reached $2.2 billion.

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

KYC news

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

In a recent conference speech, a top special agent from the United States Internal Revenue Service (IRS) stated that although non-fungible tokens (NFTs) and cryptocurrencies are “the future”, fraud and manipulation are still rampant in the space. 

Report finds 30% increase in crypto money laundering

KYC news

Report finds 30% increase in crypto money laundering

A report by blockchain data company Chainalysis has discovered that criminals laundered $8.6bn of cryptocurrency in 2021. This was a 30% increase in the amount laundered in 2020.

Biden and FinCEN aim to combat corruption with AML legislation

KYC news

Biden and FinCEN aim to combat corruption with AML legislation

In an effort to root out corruption, the Biden administration plans to issue regulations that will improve transparency in regard to beneficial ownership and real estate transactions.

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

KYC news

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering.

EU banking regulator set to strengthen remote onboarding checks

KYC news

EU banking regulator set to strengthen remote onboarding checks

While launching a public consultation on new draft guidelines, the EBA announced a raft of new measures that aim to tackle apparent inconsistencies across EU countries. These particularly relate to checks conducted by financial institutions.

Veriff Releases Enhanced Biometric Authentication Solution 

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Veriff Releases Enhanced Biometric Authentication Solution 

Veriff's enhanced Biometric Authentication offering confirms that a returning user is who they claim to be by using biometric analysis to identify and mitigate fraudulent activities such as account takeover and identity theft, eliminating user friction in the process. The solution is 100% powered by automation and can authenticate any user’s identity in one second using just a selfie.

Compliance & Conversions: How Fintechs can have both with Veriff

Reports

Compliance & Conversions: How Fintechs can have both with Veriff

Download Veriff's latest eBook, for a look at the current fraud landscape for fintechs and the effects of long-term investment in identity verification for burgeoning businesses.

Mitigating Digital Fraud Risks With Comprehensive Identity Verification

Reports

Mitigating Digital Fraud Risks With Comprehensive Identity Verification

Businesses open themselves up to more fraud if they don’t have comprehensive identity verification in place for new users, and both their conversion rates and fraud prevention suffer. According to a recent report from Gartner®, there are ways to mitigate fraud while balancing the impact these products have on user experience and budgets — but the challenge lies in choosing the right vendor. 

Meet Sacha Vasilkioti, Veriff’s FinTech Product Manager

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Meet Sacha Vasilkioti, Veriff’s FinTech Product Manager

Sacha Vasilkioti is a FinTech Product Manager at Veriff. She joined the company back in April 2019 as a Verification Team Lead, where she managed a team and scaled up the operational process.

Meet Jason Butler: Our Senior Recruiter Growing Veriff In The U.S.

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Meet Jason Butler: Our Senior Recruiter Growing Veriff In The U.S.

Veriff recently reached 500 employees globally and is expanding even more. To help our growing company, we are extremely proud and excited to have Jason Butler join our Talent Acquisition team in the U.S. 

Veriff obtains ISO 27001 certification

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Veriff obtains ISO 27001 certification

Veriff has been awarded certification against the ISO/IEC 27001:2013 standard

Caroline Mogford joins Veriff as Chief Marketing Officer

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Caroline Mogford joins Veriff as Chief Marketing Officer

Former marketing leader at Qualtrics joins Veriff’s executive team as CMO to expand strategic marketing initiatives across the globe.

What is AML transaction monitoring?

Blog

What is AML transaction monitoring?

The actual process of monitoring transactions depends on the services your business provides. However, generally speaking, in order to monitor financial transactions, a company will create a rules-based system that’s based on their needs.

Identity fraud management

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Identity fraud management

Between June 2020 and June 2021, instances of identity fraud increased by 19%. Due to this, it’s clear that identity fraud is a serious cause for concern and that businesses must have proper fraud and identity management processes in place to counter this growing threat.

How to spot a fake ID by state

Blog

How to spot a fake ID by state

Although the quality of the forgeries has improved considerably, so has the quality of the security features used in official IDs, particularly at a state level. Now, each state has its own security features that are unique, including holograms, UV imagery and laser embossing.

How the Product Academy boosts Veriff and develops teams

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How the Product Academy boosts Veriff and develops teams

At Veriff, it’s vital to develop our teams and provide new career pathways to ensure we lead the market, offer our clients the best value, and build a better digital world for all honest users. As such, we’ve launched the Product Academy Project, where we help Veriffians gain experience in Product Management from our expert team, enabling them to take part in meaningful projects that have a beneficial impact on our service.

The history of ID

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The history of ID

To show you how IDs have evolved, in this blog we’ll take a detailed look at the history of ID. From the Babylon Empire to the current day, we’ll examine not only how ID has changed over the years, but also how these older forms of ID were verified.  

Financial Conduct Authority finds challenger banks are not doing enough to fight financial crime

KYC news

Financial Conduct Authority finds challenger banks are not doing enough to fight financial crime

The Financial Conduct Authority (FCA) has warned challenger banks that they need to stop cutting corners when attempting to combat financial crime. Currently, the regulator believes that processes that allow customers to set up accounts quickly and easily are stopping challenger banks from conducting appropriate checks. 

‘Alarming’ AML laws prompt protests from EU crypto firms

KYC news

‘Alarming’ AML laws prompt protests from EU crypto firms

The crypto sector has written to European Union finance ministers and lawmakers, asking them to rethink anti-money laundering rules it believes are “burdensome” and “alarming”. 

The Paypers Financial Crime and Fraud Report 2022 is now live!

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The Paypers Financial Crime and Fraud Report 2022 is now live!

Veriff contributed to the 2022 edition of The Paypers Financial Crime and Fraud Report, which shares expert insights and best practices of fraud prevention and risk management. The report also includes an exclusive interview with our CPO and Co-Founder, Janer Gorohhov. Download it today!

Analyzing The Total Economic Impact™ Of Veriff

Webinars

Analyzing The Total Economic Impact™ Of Veriff

Veriff’s latest webinar draws on a study conducted by Forrester on an organization using Veriff, outlining the cost savings and other benefits realized over a period of time. Rachel Ballard, TEI Consultant at Forrester, delves into the topic further.

Reaching $1.5 billion in a year with Veriff CFO Amish Mody

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Reaching $1.5 billion in a year with Veriff CFO Amish Mody

In early 2021, we welcomed Amish Mody to the team as our new Chief Financial Officer. During his first 12 months at Veriff, he has been the mastermind behind our $69m Series B and $100m Series C rounds. His efforts together with the team, have helped to bring Veriff across the magical $1b dollar line to become a unicorn.

How to create an identity verification process

Blog

How to create an identity verification process

Anti-money laundering (AML) and know your customer (KYC) requirements are unique for each business. As a result, it’s vital that you design and create an identity verification process that suits your specific needs and requirements. 

What does verification of employment statement mean?

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What does verification of employment statement mean?

The best way to start the employment verification process is with the candidate themselves and their resume/personal statement. Using this information, you can build a profile of them and their work history. You can also work out exactly who you need to speak to for more information.

Veriff Identity Verification Solutions Now Available to Alloy Identity Decisioning Platform Clients

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Veriff Identity Verification Solutions Now Available to Alloy Identity Decisioning Platform Clients

Veriff will provide Alloy customers with additional identity verification capabilities and KYC solutions to leverage during client onboarding.

Meet Amber Rucker - A Conversation with Our Head of Design

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Meet Amber Rucker - A Conversation with Our Head of Design

Having worked internationally for years, U.S.-born Amber Rucker currently resides in Barcelona as our Head Of Design. She discusses her passion for design and development, what attracted her to Veriff, and much more.

How to spot a fake ID

Blog

How to spot a fake ID

The process of forging ID cards has become much simpler in recent years. This is because most homes in the UK now have access to low-cost high-resolution printers, scanners, and basic photo-editing software. But, what is a fake ID? And what does a fake ID look like? Here, we answer both of these burning questions and take a deep dive into the world of UK fake IDs. 

The Metaverse Future: Parents' views on keeping their children safe online

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The Metaverse Future: Parents' views on keeping their children safe online

73% of parents believe that online identity verification should be a legal requirement for social media platforms

Fraud in Q1 2022: What you need to know

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Fraud in Q1 2022: What you need to know

It’s safe to say that fraud has been the talk of Q1! From Netflix’s The Tinder Swindler and Inventing Anna to the BBC’s story on Madbird, these strange, complex and intriguing cases have been a hot topic among our teams. In light of the topic we took a look at what happened in Q1 2022. Here’s what we found out.

Veriff enhances Face Match with new authentication capabilities

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Veriff enhances Face Match with new authentication capabilities

Veriff has released a newly enhanced version of its Face Match identity verification solution utilizing facial biometrics to match the returning user. 

How Veriff is building trust through tackling bias

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How Veriff is building trust through tackling bias

At Veriff, our mission is to build trust and transparency online, helping businesses and honest users overcome the risks posed by bad actors. As such, we’re tackling the issue of bias to provide a more secure, seamless, and inclusive service.

Veriff streamlines hiring processes with HR-focused identity verification offering

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Veriff streamlines hiring processes with HR-focused identity verification offering

The new verification solution enables HR teams and staffing firms to cut costs and recruit faster while building trust and creating a smoother application process for candidates.

Finding Best Practices to Prevent Online Fraud - An Interview With Munna Poddar

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Finding Best Practices to Prevent Online Fraud - An Interview With Munna Poddar

Munna Poddar is a Fraud Product Manager at Veriff. Originally, he is from India, but he came to Estonia in March 2020 to continue his career at Microsoft. 

Guide to identity access management tools

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Guide to identity access management tools

Discover everything you need to know about identity access management (IAM) in our handy guide. We’ll take a detailed look at what IAM is, the benefits it can provide for your business, and the best IAM tools available on the market today. We’ll also show you exactly how (and why) you should get started with Veriff. 

What does FINRA do?

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What does FINRA do?

Here at Veriff, our customers often ask us questions like “What does FINRA do?”, “Who is FINRA?”, and “What are the benefits of FINRA?” Well, in this guide, we’ve answered all these key questions and more. Plus, if you’re subject to FINRA oversight, we’ve also outlined how we can help you satisfy FINRA rules. 

Achieving KYC compliance: here’s why, and here’s how

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Achieving KYC compliance: here’s why, and here’s how

In this article, we’ll cover the ins-and-outs of Know Your Customer (KYC) compliance and how to comply with KYC requirements in your organization.

What are the 3 stages of money laundering?

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What are the 3 stages of money laundering?

However, the actual process of laundering money is more complex than this definition makes it sound. In fact, there are 3 stages of money laundering, and each of these contains its own complexities. With this in mind, let’s take a look at each stage in greater detail.

KYC & due diligence in AML compliance: what you need to know

Blog

KYC & due diligence in AML compliance: what you need to know

The importance of KYC and due diligence procedures have been magnified by the impact of the COVID-19 pandemic. The resulting economic turbulence is likely to result in an increase in criminal financial activity, and both KYC and due diligence activities can play a leading role in shutting down that activity before it can have any harmful effects.

Anti-money laundering guidelines — what are they?

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Anti-money laundering guidelines — what are they?

With the nature of financial crime evolving all the time, and regulations around the world being adjusted at a similar pace, complying with AML requirements is a constantly moving target. It’s therefore vital that all companies required to meet anti-money laundering guidelines regularly review their processes to ensure they continue to comply.

Blockchain.com & Veriff: Making crypto as safe as possible

Case studies

Blockchain.com & Veriff: Making crypto as safe as possible

Giving people the tools they need to keep their digital assets secure is going to become more and more important as we enter this new age of digital ownership. We’re excited to be partners of Veriff, and excited to see where the internet goes over our next three years together.

Our Metaverse Identity Solution

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Our Metaverse Identity Solution

The metaverse has been a topic of conversation for decades, with novelist Neal Stephenson coining the term in his 1992 bestseller ‘Snow Crash’. More recently, Facebook’s rebrand to ‘Meta’ has seen even more people talking about the metaverse and what immersive virtual reality might look like.

Meet Mert Celik - A Conversation with Our Engineering Team Lead

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Meet Mert Celik - A Conversation with Our Engineering Team Lead

In 2014, Mert Celik moved from Turkey to Estonia to complete a Master’s degree in Software Engineering, and joined the Veriff team after graduation. Discover how his career started, what attracted him to Veriff, and his day-to-day experiences in the role.

The Future of Biometric Technology — What’s Next?

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The Future of Biometric Technology — What’s Next?

Biometrics, in short, is a way of identifying and verifying individual people by analyzing biological characteristics that are unique to them. By assessing indisputable data about a person that differentiates them from others, the person or organization assessing them can be 100% that they’re dealing with who they think they’re dealing with.

How to beat identity fraud

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How to beat identity fraud

We believe that one day the world will be ready for a single digital identity that transcends borders and gives people rightful ownership of their data. Until then, our identity verification platform prevents fraud and helps to safeguard customers and businesses alike.

The Total Economic Impact™ of Veriff

Reports

The Total Economic Impact™ of Veriff

Forrester Consulting conducted a commissioned Total Economic Impact™ (TEI) study on behalf of Veriff about the potential benefits of using Veriff’s Identity Verification Platform.

EU banking regulator set to strengthen remote onboarding checks

Blog

EU banking regulator set to strengthen remote onboarding checks

Allied to this, remote onboarding is a central pillar of the EU’s 2020 digital finance strategy. Due to this, a unified regulatory approach is needed to provide clarity and consistency about what is, and what is not, allowed in a remote and digital context within the union.

Where next? Knowing your customer in emerging markets

Webinars

Where next? Knowing your customer in emerging markets

Veriff’s latest webinar brings expert analysis together to discuss the shifting landscape of the biggest jurisdictions that will help deliver growth for different sectors, such as gaming and online gambling, in the coming years.

Veriff pledges 1 million free verifications to support Ukraine

Blog

Veriff pledges 1 million free verifications to support Ukraine

Veriff is donating 1 million verifications to organizations who wish to use these to help people affected by the conflict, such as money transfer services to Ukraine, accommodation or relocation services for refugees.

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Blog

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering. In a December 2021 report, the association claimed that the payments industry could become a “major gateway” for illicit funds from around the world unless it faces stricter enforcement.

Biden and FinCEN aim to combat corruption with AML legislation

Blog

Biden and FinCEN aim to combat corruption with AML legislation

The U.S. Strategy on Countering Corruption lays out several areas that would benefit from increased regulation. Specifically, the U.S. government wants to “identify bad actors hiding behind opaque corporate structures” like shell companies, which are a favored vehicle for corruption-related money laundering. 

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

Blog

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

During the 2021 fiscal year, IRS investigators seized $3.5 billion worth of cryptocurrencies tied to financial crimes. This accounted for 93% of all the assets seized by the division in that time frame. 

Meet Madis Pink: An interview with Veriff's Senior Developer Experience Engineer

Our people

Meet Madis Pink: An interview with Veriff's Senior Developer Experience Engineer

Madis Pink is a Senior Developer Experience Engineer at Veriff. He is from Estonia, and he joined the Veriff team back in July 2019 as an Android Engineer. Before that, he worked with many global tech companies on various successful projects. These companies include Skype, Spotify, Fortumo, and more.

Best Practices: Biometrics and which industries are capitalizing on the technology

Reports

Best Practices: Biometrics and which industries are capitalizing on the technology

Biometric authentication is making legacy authentication processes obsolete, with its endless benefits across industries. Facial recognition, fingerprint scanning, and voice recognition — to name a few — help streamline processes, deter fraud, and keep people safe amid the global pandemic. 

Best Practices: Biometrics and how businesses are harnessing its power

Reports

Best Practices: Biometrics and how businesses are harnessing its power

Biometrics has moved beyond just fingerprinting to open your iPhone. This technology has become a common place for both customer experiences and day-to-day business operations, and the global pandemic has only sped up adoption across industries. 

Veriff unveils healthcare-focused identity verification offering

Blog

Veriff unveils healthcare-focused identity verification offering

Veriff has released a new suite of identity verification solutions built specifically for the healthcare industry to keep private health information and patients safe

Pre-checking Identity for Employment: A 101 Guide with Veriff

Blog

Pre-checking Identity for Employment: A 101 Guide with Veriff

Veriff’s technology is suitable for virtually any business application where checking someone’s identity — be they an employee, a customer or a supplier — is important. But for pre-employment identity checks in particular, there are a host of crucial benefits that business users can gain from.

Veriff Rolls out Sabbaticals for its Teams Across the Globe

Our people

Veriff Rolls out Sabbaticals for its Teams Across the Globe

We believe that in order to live a fulfilling and impactful life, our employees could benefit from longer breaks every once in a while. Our Sabbatical Program allows every Veriff employee whose tenure is longer than three years in the company to take six weeks of fully paid time away from work. 

An Overview of EU AML Regulations

Blog

An Overview of EU AML Regulations

We take a detailed look into the current anti-money laundering regulations in the European Union, and what they mean for your business on a daily basis.

How Veriff is Building Trust and Simplifying Telemedicine

Blog

How Veriff is Building Trust and Simplifying Telemedicine

Veriff provides trust and safety in virtual healthcare and telemedicine by harnessing biometric identity verification and authentication. Our technology protects online health records, authenticates identities quickly and accurately for virtual healthcare providers, streamlines health insurance claims, ensures prescription security, and a host of other benefits for the telemedicine world. 

Veriff now supports Cyrillic documents

Blog

Veriff now supports Cyrillic documents

We’re happy to announce that we’ve now rolled out Cyrillic document support for our clients, giving wider access to identity documents and supporting users who couldn’t previously get verified, because they had only cyrillic-based documents, to go through IDV process seamlessly where languages using Cyrillic alphabets are spoken. 

Meet Angela González: Veriff’s Senior Recruiter helping expand our Barcelona hub

Our people

Meet Angela González: Veriff’s Senior Recruiter helping expand our Barcelona hub

We’re excited to have Angela González join us as senior recruiter to help us grow in Barcelona.

$10 billion stolen in DeFi scams and thefts in 2021

KYC news

$10 billion stolen in DeFi scams and thefts in 2021

Decentralized Financial images are proving attractive due to the growth and evolution of blockchain technology. However it's users are losing a lot of money to criminal activity. How can they make their assets more secure?

 3 Ways Veriff’s Face Match Protects Users' Data

Blog

 3 Ways Veriff’s Face Match Protects Users' Data

Happy Data Privacy Day! A holiday, as you can imagine, is very important at Veriff. We have a front-row seat to the ever-growing online world, which means more and more personal information is living online. With an increasingly digital world comes a host of bad actors looking to infiltrate private data of both individual people and corporations. 

Veriff Closes $100M Series C Funding Round

Blog

Veriff Closes $100M Series C Funding Round

The new financing will be used to accelerate Veriff’s global growth and invest in R&D, especially to advance product expansion.

BitcoinPoint becomes the first crypto-asset firm registered with the FCA to offer an ATM cash-out facility

KYC news

BitcoinPoint becomes the first crypto-asset firm registered with the FCA to offer an ATM cash-out facility

The London-based company takes a massive step in making Bitcoin easily available to new retail customers, and more attractive with the easy 'cash-out' option.

Veriff Partners with Starship to Create a Fully Autonomous Delivery Service for Age Restricted Items

Case studies

Veriff Partners with Starship to Create a Fully Autonomous Delivery Service for Age Restricted Items

Veriff adds an extra layer of safety and security to Starship’s delivery services, making it the first company in the world to create a fully autonomous end to end delivery service for age restricted items. 

How can we stop the NFT marketplace being used for money laundering?

KYC news

How can we stop the NFT marketplace being used for money laundering?

NFTs are a hot news topic, being spoken about in all corners of the internet. But how can we make them more secure, and less open to exploitation by online fraudsters and criminals?

How does Veriff look in 2022 - A year-end verification flow update

Product updates

How does Veriff look in 2022 - A year-end verification flow update

As we were laser-focused on offering the best verification experience out there, we failed to offer any exciting updates about how our verification flow evolved throughout 2021. But now we're here to do just that!

What have Veriff been up to in 2021? - A year-end product update

Product updates

What have Veriff been up to in 2021? - A year-end product update

Our product updates were quiet for much of 2021, so we decided to hit you with a year's worth of updates in one magnificent blog. Get all the info on what we changed in Veriff Station and our verification systems throughout much of the last year.

How Veriff is building a trustworthy system for digital education

Blog

How Veriff is building a trustworthy system for digital education

Why might educational institutions need online identity verification? We're here to enlighten you - and to explain why Veriff can have a crucial role in helping schools, universities, and many others to know their students.

What happened with fintech and fraud in 2021?

Blog

What happened with fintech and fraud in 2021?

We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the fintech industry throughout last year.

Fintech Fraud 2021

Webinars

Fintech Fraud 2021

It's webinar time again! And this time we're taking a deep dive into our latest fraud report to discuss last year's fraud trends, what we learned from them, and what we're watching out for in 2022.

What happened with fraud and crypto in 2021?

Blog

What happened with fraud and crypto in 2021?

We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the crypto industry throughout last year.

Veriff Joins AWS Partner Network

Case studies

Veriff Joins AWS Partner Network

Veriff accelerates its AI-powered identity verification platform’s journey to the cloud with Amazon Web Services (AWS)

Money Laundering Reporting

Blog

Money Laundering Reporting

Our blogs have looked in depth at what money laundering is - but how do you report it when you find it happening? This is what we dive into here, and hopefully you'll know exactly what to do once you've read our blog.

2021 Marks a 20X Growth in the U.S. and a Number of New Senior Level Hires in Veriff

Blog

2021 Marks a 20X Growth in the U.S. and a Number of New Senior Level Hires in Veriff

Veriff has had an incredible 2021, growing at a remarkable rate, smashing our verification records on a weekly and monthly basis, and welcoming more fantastic new talent to the team. Find out all the details in this blog.

Veriff Releases Metaverse-Focused Identity Verification Solution

Blog

Veriff Releases Metaverse-Focused Identity Verification Solution

As the world moves towards building a more immersive digital world — as we build the architecture for the metaverse — Veriff is at the forefront of making our digital world safer.

AML fines reach $1.9 billion in 2021 but could rise further in coming years

KYC news

AML fines reach $1.9 billion in 2021 but could rise further in coming years

Banks and financial institutions have been issued anti-money laundering fines of over $1.9 billion this year alone. But is this just a hint towards a rising trend, and how quick will banks get a handle on things?

Criminals are using bitcoin ATMs for scams and money laundering schemes

KYC news

Criminals are using bitcoin ATMs for scams and money laundering schemes

As the popularity of bitcoin, and cryptocurrencies, continues to soar, so does the availability of bitcoin ATMs. And they're making it easier for criminals to conduct illicit activities in broad daylight. Read our blog to learn more.

FinCEN’s ransomware report reveals analysis of SAR data

KYC news

FinCEN’s ransomware report reveals analysis of SAR data

A new report from the Financial Crimes Enforcement Network, looking at suspicious activity reports from financial institutions, has revealed growth in ransomware attacks in 2021 - read our blog to discover more.

Veriff Identity Fraud Report 2021

Reports

Veriff Identity Fraud Report 2021

Our 2021 Identity Fraud Report is LIVE! Download it today to read a detailed analysis of 11 months of verifications, find out the insights we gained, and the trends we observed throughout the year.

Veriff’s 2021 Fraud Report is Now Live!

Blog

Veriff’s 2021 Fraud Report is Now Live!

It's December, which can only mean one thing - Veriff's 2021 Fraud Report is here! Read the insights from an extensive analysis of 11 months of verifications. Is fraud rising? Which industry saw the biggest growth? What's the global picture? Download it today to find out!

Why Foolproof Age Verification is Vital for Businesses to Maintain Trust

Blog

Why Foolproof Age Verification is Vital for Businesses to Maintain Trust

As e-commerce booms amid COVID-19, age verification is incredibly important to keep several industries safe. Online gambling, alcohol delivery, ride sharing, and online dating apps are just a sampling of the industries that rely on age verification. Learn how Veriff can help you with age verification in our blog. 

UK Government Announces New Economic Crime Levy

KYC news

UK Government Announces New Economic Crime Levy

As the title suggests, the British government has drafted legislation to create an Economic Crime Levy to help fight financial crime. Read the blog to discover who it affects, and when it will be introduced.

Global Growth in Gaming: Get players in new markets safely and securely

Webinars

Global Growth in Gaming: Get players in new markets safely and securely

Our latest webinar looked at global expansion in the gaming industry, and how to maintain accuracy, stay compliant, and keep things frictionless for players from across the world.

Veriff crosses the 10K line - 10,000+ documents in our database!

Product updates

Veriff crosses the 10K line - 10,000+ documents in our database!

In a major milestone for an identity verification company, Veriff passed the 10,000 document mark in our internal database. Find out how we did it, and how it helps us deliver super fast and accurate verifications.

Veriff’s Customer Identity and Access Management arms companies with safe, secure, & scaleable onboarding

Blog

Veriff’s Customer Identity and Access Management arms companies with safe, secure, & scaleable onboarding

Innovative and seamless C-IAM ensures the security of both the business and the customers. 

The Most Surveilled Cities in the World

Blog

The Most Surveilled Cities in the World

We delved into research to learn about the growth of surveillance software in US major cities, and the benefits that this poses for civilian safety.

Deel helps people work all over the world and Veriff helps make them safe and secure

Case studies

Deel helps people work all over the world and Veriff helps make them safe and secure

Deel has partnered with Veriff to add security to their awesome online platform which helps companies find and hire employees globally. They're currently used by more than 4,500 organizations in over 150 countries.

How Veriff keeps your data safe

Blog

How Veriff keeps your data safe

Veriff is in the privileged position of handling the private data of a lot of people every day. This is not something we take lightly, so we wanted to enlighten you about how we keep your personal information safe at all times.

Anti-Money Laundering Act 2020 - What it Means

Blog

Anti-Money Laundering Act 2020 - What it Means

What is the Anti-Money Laundering Act 2020? Let us explain what it means, what the processes related with it entail, and who it applies to and how.

Growing Together - Three Years for Mintos & Veriff

Case studies

Growing Together - Three Years for Mintos & Veriff

Mintos chose their first identity verification partner in 2018, Veriff, and we've been partners ever since. We chatted to their team about what made them choose Veriff, and why they've stuck with us through a significant time for their growing business.

Bank Account Verification

Blog

Bank Account Verification

How do you verify a bank account? And why would you need to? Learn more here.

NatWest faces substantial fine after admitting AML failings

KYC news

NatWest faces substantial fine after admitting AML failings

How much is the potential fine the major UK bank will have to pay? And how have they landed in such hot water? Read our KYC news blog to learn more.

Australian financial institutions concerned about AML loopholes

KYC news

Australian financial institutions concerned about AML loopholes

Several of Australia’s largest banks and financial technology companies recently spoke to the country’s senate about closing major loopholes in the country’s anti-money laundering legislation.

Veriff Launches New Account Onboarding, Arming Fintech Companies with Next-Gen Security Features

Blog

Veriff Launches New Account Onboarding, Arming Fintech Companies with Next-Gen Security Features

Learn how New Account Onboarding helps establish greater trust with customers through a seamless online user experience.

Ghana’s Gaming Commission enforces KYC verification

KYC news

Ghana’s Gaming Commission enforces KYC verification

Why has Ghana brought in mandatory KYC, and which provider is already leading they way? Find out in our latest KYC news post.

China’s top regulators ban cryptocurrency trading and mining

KYC news

China’s top regulators ban cryptocurrency trading and mining

It's the latest big news for cryptocurrencies, as China's government takes drastic action against digital trading and mining. Learn more in our KYC news post.

AML vs KYC - What’s the difference?

Blog

AML vs KYC - What’s the difference?

What do they mean? And what’s the actual difference? Discover just that in our guide, which looks at what they do, how they work & how they can help you.

Veriff Continues Global Expansion with New Barcelona Tech Hub

Blog

Veriff Continues Global Expansion with New Barcelona Tech Hub

The cat is out of the bag - Veriff is coming to Barcelona. Our new hub will open soon, and we're already looking for talent in the Catalan city. Find out more here.

Companies Leading the Way in Cyber Security

Blog

Companies Leading the Way in Cyber Security

We look into the countries with the biggest cybersecurity workforces, and highlight the most exciting businesses in the space.

"Working at Veriff is a lot of fun - no two days are the same"

Our people

"Working at Veriff is a lot of fun - no two days are the same"

We chat with Krister Kasemaa, an intern in Veriff's Product and Verification Automation teams, who recently finished up his time with the company. We ask about his life as a student, what brought him to Veriff, and what he does outside his studies.

What is KYC in Banking?

Blog

What is KYC in Banking?

Our guide breaks down the fundamentals of KYC in banking, and provides a clear actionable plan for getting started.