Keeping up with KYC

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

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

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.

$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?

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.

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?

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.

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.

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.

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.

New proposals strengthen the EU’s anti-money laundering and countering financing of terrorism (AML/CFT) rules

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.

How will the EU’s new AML authority help transform AML/CFT supervision?

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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