April 6, 2023
The Ultimate Guide For a Successful Sanctions Screening Process In 2023
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.
March 31, 2023
KYC in Real Estate: Here’s Your Compliance Checklist to Prevent Money Laundering
Know Your Customer (KYC) checks have become a crucial part of the buying process when it comes to real estate transactions. Even if real estate brokers and home buyers don’t necessarily want to undergo additional security measures, Anti-Money Laundering (AML) regulations push businesses to ensure that no illegal activities are conducted in property sales.
March 30, 2023
Case Study: SupplierPlus
Press the button to download the case study and learn how iDenfy’s AML screening, ongoing monitoring, and adverse media screening solutions
helped SupplierPlus digitize its compliance workflow.
March 28, 2023
GPT-4: OpenAI Introduced a New Version of ChatGPT, But What’s Different?
TikTok, Reddit, and the whole internet are getting wild for the most popular chatbot created by OpenAI, the AI giants who managed to develop a system so powerful that people can’t stop talking about it since November 2022. Since the introduction of the latest version, GPT-4, a lot has changed in, once again, how we write outreach emails, generate code, do homework… And a whole bunch of other things — all powered by artificial intelligence.
March 17, 2023
What Is Adverse Media Screening? Effective Practice for AML Compliance
Adverse media refers to any negative or bad information published about brands, companies, and individuals in various media outlets. But why is it important? Well, first of all, screening negative news is crucial for businesses as it helps them steer clear of any association with harmful entities involved in money laundering or terrorist financing.
Know Your Business (KYB): Everything You Need to Know
Verifying the legal status of a company, identifying its beneficial owners, and monitoring risks to ensure ongoing compliance are all important stages of Know Your Business verification. But this process remains a mystery to some organizations, often resulting in many challenges.
KYC and AML Compliance: Key Differences and Best Practices
KYC, AML, CDD… Similar but very different compliance terms that people tend to confuse. While regulations vary across countries and different areas, nowadays, not only financial institutions but many other businesses need to know the differences between the mentioned components to maintain effective Anti-Money Laundering programs.
Identity verification in Shopify with Zapier
In this guide, you will learn how to integrate identity verification into your e-commerce website powered by Shopify within ~15 minutes. To make integration fully customizable on your end, we will use our official Zapier plugin to automate workflow.
March 9, 2023
Why You Should Spend More “Me” Time: Gabija’s Story About Balance And Persistence
How can you ensure that customers feel their needs are being met? Well, there are many factors. One of the key ones is that your business needs a responsible person who handles most one-on-one client interactions. At iDenfy, we have that person, and she’s one of the best people out there. Tag along to meet our Account Manager, Gabija Glušauskienė.
March 9, 2023
AML Compliance Program: Step-By-Step Guide in 2023
Fraudsters constantly launder money without getting caught. The only way to prevent illicit crimes is to follow AML compliance guidelines, which include proper internal operations, security policies, data monitoring, and fraud detection. In this article, we’ll explore real-life use cases and share some valuable tips on how to improve your compliance program.
February 9, 2023
Is ChatGPT Secure? Here’s Everything You Need to Know
ChatGPT reached a million users in less than a week. This is no surprise, especially considering the countless possibilities the human-like chatbot provides. From solving math equations, writing music, or grading essays, it seems that there’s not a single task that ChatGPT can’t accomplish. But once we go deeper, we realize there’s a fine line between its capabilities and newly created security risks.
February 7, 2023
A Definitive Guide on Crypto KYC for 2023
It’s an open secret that cryptocurrencies were introduced to tackle the problems of centralization and lack of authority in finance after the 2008 financial crisis. They provide financial access to many but have also been used for illegal activities resulting in billions worth of damage.
January 31, 2023
5 Must-Have Skills to Look for in a QA Tester by Karolis
Curious about the role of a QA Tester and what it takes to succeed in this field? Well, you’ve come to the right place. Get an inside look at the day-to-day responsibilities and life in iDenfy from Karolis Kurelaitis, our QA Tester’s viewpoint.