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

You should know your customers, but what about your employees? We dive into the process of Know Your Employee (KYE), pinpointing the key challenges of identifying individuals and specific background checks that are vital before the hiring and onboarding stage.

Explore the latest review of best KYB (Know Your Business) software providers and recommendations on where each of the service excels the best.

Find out which qualities make up a neobank, how this new form of a bank differs from traditional financial institutions, if neobanks are obliged to stay in line with the same AML requirements and learn how they overcome their compliance challenges.

Explore the world of anti-money laundering (AML) compliance, access insights on selecting the right AML software, identify what crucial features AML automation should have, and understand what AML procedures AI-powered solutions can actually automate.

KYB and KYC checks are vital for AML compliance, ensuring safety through verifying identities, reporting suspicious activities, and maintaining detailed financial records. Discover the distinctions between both processes and learn the essential steps helping businesses prevent financial crime.

Learn the key reasons why companies struggle with KYC challenges. Find out how to build a proper identity verification process while keeping up with the regulatory compliance requirements and increasing customer demands — all while exploring real-life use case examples from various industries.

One of the most important parts of the Anti-Money Laundering (AML) compliance package is transaction monitoring — a thorough practice of tracking customer transactions. However, how does it actually work in the context of fintech, and how can businesses improve this process? We explain it all in this blog post.

Did you know that the Financial Action Task Force (FATF) was created in 1989? Since then, they have set grounds for a more stable action plan against money laundering and terrorist financing. However, the level of complexity in financial crime is rising, and companies must be vigilant when it comes to different risks — or, as we call them — AML red flags.

Access the most recent information on address verification, including use case examples, and learn the key methods for confirming whether the provided address data aligns with the information provided by another individual or business.

Dive in to find ongoing monitoring examples, what it takes to stay KYC/AML-compliant, as well as the challenges that arise when trying to build a proper ongoing monitoring process.

Check hands-on walkthrough on configuring custom rules to streamline your AML compliance processes while onboarding new companies.

Find out the key use cases of reverification and learn why implementing this process can be a beneficial factor in both security and user experience.