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

Global KYC and AML standards are becoming progressively more strict, compelling a wide range of organisations—from banks and other financial organisations to law and accountancy firms—to manage constantly shifting requirements in order to be considered compliant. The European Banking Authority (EBA) recently released new virtual user onboarding criteria that apply to all financial firms covered by the Anti-Money Laundering Directive (AMLD).

Organisations may find professional research and comprehensive guidance on all facets of KYC regulations and procedures in Veriff's KYC Education Center. Yet, some of its key elements consist of:

• Companies must have access to the most recent information on AML and CTF legislation in order to ensure compliance.
• A thorough collection of KYC papers, including materials on identification, proof of address, and other pertinent data.
• An intuitive design that is easy to operate and practical for SMEs.

As per the co-founder and Chief Product Officer of Veriff, Janer Gorohhov, as KYC laws are developing quickly, meanwhile the regulatory authorities are tightening up on fines. Because of this, organisations must now more than ever be vigilant about adhering to local KYC and AML laws, This necessitates that companies fully comprehend the specifics of their own programmes as they evolve. We're excited to introduce our latest KYC Education Center application which businesses can use to their advantage and prevent costly penalties and reputational damage.

With its video-first technology, Veriff enables outstanding identity verification and adds an additional layer of security for users. In addition to actively boosting customer conversions, the firm's AML screening tools assist clients in maintaining their compliance with regulations.