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All Blog Identity Verification KYB/AML Regulations by Country Use Cases

We discuss the main differences between a sole proprietorship and an LLC and explain how they need to be onboarded from the compliance side of things for financial institutions that deal with such structures during KYB verification.

Follow this concise step-by-step explanation guide on adopting a practical AML compliance program for credit unions and what compliance-related challenges these institutions face when conducting internal risk assessments.

Explore the key RegTech measures FriendFinder Networks used to onboard their employees and verify end-users on its suite of dating, streaming and other websites, including adult-only platforms that required a robust age verification solution.

Learn what bank account verification is, what kind of measures or steps it takes to build a proper onboarding process, and why confirming a user’s bank account to check if it’s valid is vital for many companies, and not only banks and similar financial institutions.

Money laundering is complex, especially when criminals manipulate tax authorities and law enforcement by turning dirty cash into legitimate income and mixing illicit funds with legitimate wealth. We break down the main laundering techniques and how they fit into the three stages of money laundering.

Find out how Coinzilla integrated iDenfy’s comprehensive KYB and KYC suite, fully automating both individual and corporate client onboarding that resulted in saved time and costs.

Managing risks and assessing multiple data points in your already complex KYB process can be a hassle. We provide a list of risk factors you should incorporate into your Business Verification flow for a more simplified approach to corporate entity onboarding.

From students using fake IDs to purchase age-restricted items to fraudsters forging ID documents for obtaining loans and other large-scale operations — it’s important to know how to spot a fake ID in different states.

Go through the main problems that compliance teams often deal with when using keywords in adverse media and find some useful tips on how to conduct a more effective adverse media screening process that scales.

Learn what challenges are expected when onboarding merchants, how to balance out the security aspect with a smooth merchant onboarding process, and what kind of information you should collect and verify to comply with KYC/KYB and AML requirements.

Find out what processes you need to perform an AML risk assessment and the key risk factors you should consider when assessing your company and its clients to stay AML-compliant.

Understand the key reasons a cardholder might initiate a transaction dispute, how these disputes are connected to chargebacks, the strategies merchants can use to manage high costs, and effective methods to prevent friendly fraud.