KYB/AML

How exactly does the proof of address process look like? Our step-by-step guide will answer all questions related to Address Verification.

Over the past decade, the EU has been considering how to combat the potential illicit flows through banks and other financial institutions. It’s clear that stricter financial processes call for a more robust action plan from all financial players. This time, we’ll review the EU and its standards by providing all the necessary guidelines.

Especially in business, signing a contract without doing detailed research can result in becoming a money laundering channel. That’s why in today’s complex digital environment, it’s essential to take your time to research every single company that you’re interested in doing business with. 

Online fraud is an epidemic that has infected various industries. Many businesses are going digital, leaving gaps in their security strategies. With less transparency and more complicated regulations, companies choose to search for new automated fraud prevention tools that would help overcome cybersecurity and compliance challenges.

The complexity of money laundering might be a challenge. With the right tools and proper risk assessment, the dangers of fraud can be controlled. Obviously, more businesses have become aware of this issue and are trying to minimize these risks with automated KYB or business verification.

Are you wondering what tools and methods can detect and prevent vicious crimes, such as illegal earnings and money laundering? Will it be Customers’ AML Screening and Ongoing Monitoring? Keep reading to find out.

The modern, technologically advanced world demands its’ inhabitants to follow an ever-increasing number of guidelines to prevent financial, governmental, and other institutions from disaster. Business verification is one of them. The digitization of our everyday lives sets the stage for more devious fraudulent activities than ever before. And even if it usually gets unnoticed by […]

On 19 April 2018, the European Parliament adopted the 5th Anti‑Money Laundering Directive. Read more.

We discuss what exactly anti-money laundering (AML) is, which industries are affected by it, and what businesses should do to ensure proper AML compliance.