News

veriff launched kyc education center

Veriff Launched Cutting-Edge KYC Education Center to Simplify Identity Verification

Facebook Pinterest Twitter Linkedin April 12, 2023 – New York – A global identity verification platform Veriff announced the inauguration of its new Know Your Customer (KYC) Education Center. This portal serves as a crucial tool for companies that want to stay in compliance with the rapidly developing anti-money laundering (AML) and counter-terrorist financing (CTF) …

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Passthrough and Altvia form Strategic Alliance

Passthrough and Altvia form Strategic Alliance to Enhance Investor Onboarding Process

Facebook Pinterest Twitter Linkedin Leading firms have partnered for multi-purpose and multi-use-case solutions to solve KYC/AML-related issues. Actually, the firms foresaw great potential in speeding up the fundraising process through this partnership. Passthrough being a leading firm in workflow automation and fund management partnered with Altvia to facilitate LPs and GPs. They will release an …

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AfDB Pledges $8m to Launch Interoperable Bank ID System in 4 Countries

AfDB Pledges $8m to Launch Interoperable Bank ID System in 4 Countries!

Facebook Pinterest Twitter Linkedin An initiative to develop a compatible, one-of-a-kind digital ID for banking and a streamlined customer verification process for four West African Monetary Zone (WAMZ) nations is being implemented under the direction of the West African Monetary Institute (WAMI). This new identity system will support the involved countries’ national identity systems and …

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Microsoft Faces Heavy Combined Penalties

Microsoft Faces Heavy Combined Penalties of Over $3.3 Million by OFAC and BIS Amid Violations of U.S Export Controls & Sanctions

Facebook Pinterest Twitter Linkedin The U.S. Department of Commerce and the U.S. Department of Treasury jointly released the news. A coordinated effort by the Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC) imposed a combined $3.3 Million penalties against Microsoft Corporation. The charged company voluntarily disclosed the violations to …

Microsoft Faces Heavy Combined Penalties of Over $3.3 Million by OFAC and BIS Amid Violations of U.S Export Controls & Sanctions Read More »

US Treasury Demands DeFi Compliance With AML Regulations

US Treasury Demands DeFi Compliance With Anti-Money Laundering Regulations

Facebook Pinterest Twitter Linkedin According to a recent study by the US Treasury Department, decentralised financial (DeFi) transactions, including cryptocurrencies and other digital currencies, must adhere to anti-money laundering and sanctions regulations. This report was authorised by the Biden government that concludes that there are a number of threats associated with DeFi technology, that do …

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Dialics Associated with iDenfy for Identity Verification

Dialics Associated with iDenfy for Unbeatable Identity Verification

Facebook Pinterest Twitter Linkedin A Lithuania-based RegTech platform, iDenfy has teamed up with a PPC monitoring and real-time marketing analytics tool Dialics to boost security through more powerful identity verification. According to the sources provided in the news, the use of the AI-driven identity verification and authentication solution is expected to speed up Dialics’ customer …

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EU’s Stricter Rules Approved by MEPs for Removing Gaps in Existing AML and CTF Measures

EU’s Stricter Rules Approved by MEPs for Removing Gaps in Existing AML and CTF Measures

Facebook Pinterest Twitter Linkedin On Tuesday, Members of the European Parliament approved updated rules for mitigating money laundering and terrorist financing. These rules are much stricter than the previous ones. Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees adopted their position where three pieces of legislation package contain the following: The …

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Fourthline Raises €50M for Cutting-Edge KYC & AML Solutions

AI-Powered Regtech Fourthline Raises €50M for Cutting-Edge KYC & AML Solutions

Facebook Pinterest Twitter Linkedin Fourthline – The RegTech company has secured €50 million from new and existing institutional investors for its AI-driven and legal KYC and AML solutions. In order to comply with local KYC, AML, and GDPR standards in Europe and beyond, the Fourthline platform provides banks and financial companies with a comprehensive set …

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quantexa raises funds for customer data management and fraud detection

Quantexa Announces $129 Million in Funding at a $1.8 Billion Valuation for Customer Data Management and Fraud Detection.

Facebook Pinterest Twitter Linkedin Quantexa, a UK-based data analytics company has just entered the market and raised massive funding of $129 million in its Series D funding round. HSBC, American Express, and British Telecommunications led the consortium of investors. Now the total funding amount raised by Quantexa is $240 million and the company is valued …

Quantexa Announces $129 Million in Funding at a $1.8 Billion Valuation for Customer Data Management and Fraud Detection. Read More »