Keeping up with KYC
KYC news
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.
KYC news
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.
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?
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.
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?
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?
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.
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.
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.
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.
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.
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.
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.
KYC news
New proposals strengthen the EU’s anti-money laundering and countering financing of terrorism (AML/CFT) rules
The European Union is working hard to combat money laundering and financing of terrorism, which is why they've made a wave of new proposals to strengthen their defences. Find out all about them here.
KYC news
How will the EU’s new AML authority help transform AML/CFT supervision?
As part of recent European Union proposals to strengthen AML & CFT regulations, they will look to establish an anti-money laundering authority. When will the AMLA be launched, and what will it do? Find out here.
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