Blog

Structuring can be a dangerous offense that signals crime. While structuring itself doesn’t always include illegally sourced money, it becomes a serious risk when done with the intention to disguise illicit funds. Join us to explore the key points of structuring in money laundering, its connection to smurfing, and the role of technology in combating fraud.

Yes, your identity can be snatched away in a second. While most think the classic motto of “this won’t happen to me” works, the reality in the digital world is different. With identity theft becoming one of the fastest-growing crimes in America and millions becoming victims of identity theft, this dangerous crime happens more often than you think.

The size of the KYC compliance software market recently reached USD 9.50 billion. And there’s no surprise here. The rise in identity theft cases is a key driver behind the increasing demand for identity verification solutions. So the real question is – which one’s the right one? We prepared a full checklist to help your business choose the right KYC compliance software.

Regulated industries must identify PEPs and sanctioned individuals during customer onboarding to comply with KYC and AML requirements. Stay tuned to learn about the intricacies of these risk assessment processes, explore best practices, and safeguard your business from financial and reputational risks.

Customer due diligence solutions can collect and analyze large data volumes from multiple sources, helping companies more efficiently check ID documents, financial records, and overall online presence. But it all sounds easier than it actually is in practice.

Account takeover (ATO) remains one of the most popular forms of identity theft and happens when a cybercriminal hacks into another account. In this guide, we’ll explore why user accounts are at risk, the techniques hackers use to gain access, and of course, the measures businesses and their users must take to keep all accounts secure.

With endless automation solutions in the market, you need to have knowledge of how a proper document verification process works and what to expect from KYC providers if you’re looking for a new government-issued ID capture service. More on this below.

Corporate KYC refers to the verification process of businesses and related individuals to ensure regulatory compliance. Although financial institutions are the only organizations required to perform corporate KYC, any company can benefit from it, especially those that provide services to other businesses.

Businesses perform different levels of Know Your Customer (KYC) processes on their customers, namely Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD). To understand CDD and EDD better, we’ll discuss the differences and key aspects of how to ensure proper compliance for low-risk and high-risk customers.

Amazon, eBay, AliExpress. These are just a few of the household names that have been ruling the e-commerce world. While e-commerce has been successful in providing convenience to customers, it also poses challenges for businesses, such as fraud and money laundering. If left uncontrolled, e-commerce brands can face revenue loss and other major consequences.

In this article, we share the essentials about what the new regulation, DAC7, is and how it affects online marketplaces. Learn more about the EU tax transparency rules and prepare your business for the changes.

Sanctions refer to penalties or punishments imposed due to violating a law, rule, or order. That’s why associating with a sanctioned business is not only dangerous reputation-wise but also illegal. To prevent such consequences, sanctions screening helps identify and manage risks and stops the business from being exposed to unwanted criminal activity.