Tech

Organizations that require regulatory compliance programs must adhere to the 5 pillars of AML Compliance. These pillars are almost the same for AML, BSA, and OFAC compliance programs. This article explains the 5 pillars of AML. However, it is equally important to hire a professional service for reliable compliance like KYC AML Guide as a …

5 Pillars of AML Compliance: Key To A Stronger Financial Future Read More »

With the continuous global evolution and rise of the digital world, the percentage of financial and other types of crimes also come into being frequently. Therefore, it is crucial to implement some regulatory principles and analyse financial fraud prevention measures to make your businesses securer. Well, it is no wonder that the internet is one …

5 Powerful Strategies for Financial Fraud Prevention to your Business Read More »

If you run an online business, such as an e-commerce marketplace, online dating site, or social media platform, then one of the biggest challenges you might have been facing is cyber fraud. Online criminals have now become so smart that they can open and access fake accounts with just a few clicks and utilise these …

Device Fingerprinting: The Key to Securing Your Online Identity Read More »

Financia Fraud has become a headache for everyone where Detecting Fraud is no less than a challenge to organizations. You might receive an intriguing SMS or email saying “Congratulations! You have won an iPhone!”. Sometimes, Fraudsters will play with your sympathetic feeling for humanity. They might contact you through a Facebook account saying that their …

5 Ways Of Detecting Fraud: Safeguard Your Finances Today! Read More »

Anti Money Laundering (AML): Ideal Scenario In 2015, the US Government made a move ahead in the game of Anti Money Laundering by implementing new rules for financial institutions. It required the FIs to collect and verify information about the beneficial owners of legal entities like corporations and LLCs. The information was collected at the …

What is Anti Money Laundering? Balancing Privacy, Security & Compliance Read More »

Many financial institutions and KYC or AML regulators seek to acquire a variety of tools and techniques to fight against money laundering and other financial terrorism all across the world. Therefore, these financial organisations must file suspicious activity reporting first to combat these threats to their companies. However, SAR in AML can be filed by …

Suspicious Activity Reporting: A Watchful Observation Read More »

In the digitized world of cybersecurity and digital identity management, we often encounter a question. What is the difference between Identity Verification vs Authentication? The answer lies in this article as we are about to unfold this concept. First, we shall clarify the Identity Verification and then compare it with Authentication. Also, we will discuss …

Identity Verification vs Authentication: A Knowledge-Based Comparison For Securing Digital Identities Read More »

Verifying the client’s identity is imperative in making the financial system secure through KYC and AML compliance. KYC Regulated Industries are those which need to stay compliant with KYC AML regulations. This article enlists and describes the main industries that are regulated by KYC and AML regulations. What are KYC Regulated Industries? Primarily, these industries …

KYC Regulated Industries: An Insight of Global Diligence Read More »

The risk of Money Laundering and Fraud is everywhere. Economies are competing to become the safest places for investors and businesses for overall economic growth. Also, Sustainable businesses try to stay compliant with KYC Process. Today, we shall conduct a comparative analysis between two of the crucial Risk Monitoring Stages. Customer Due Diligence vs Enhanced …

Customer Due Diligence vs Enhanced Due Diligence for Effective Risk Monitoring Read More »