ACUANT BLOG

Cryptocurrency Exchange Regulations Pose Challenges for Decision Makers

Acuant’s VP of Compliance Products, Neal Reiter talks to PaymentsJournal about the impact of new anti-money laundering (AML) regulations on FIs & crypto exchanges and the technology needed to ensure compliance. Read the original article and listen to the podcast...

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Cat Got your Bitcoin? With Increasing Popularity Comes Increasing Regulations for Crypto: 6AMLD, FATF Travel Act & More

It is no secret that cryptocurrency has been volatile over the years, but today we are witnessing increasing mainstream adoption and a rise in popularity globally. Consequently, governments worried about related risks have been introducing cryptocurrency regulations aimed at preventing...

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As transactions become more complex, the laundering fight can’t be manual

Acuant's Chief Product Officer Jose Caldera shares his expertise with PaymentsSource, writing about the requirements for implementing a proper risk-based approach and the importance of modern and automated AML and transaction monitoring solutions for fraud prevention and effective compliance processes. ...

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AML Compliance Challenges with New Payment Methods & Prepaid Cards

The global prepaid card market is expected to reach $3.65 trillion by 2022, further fueled by advances in technology and the transition into an increasingly digital and cashless economy. These payment methods are essential for creating important revenue streams for businesses and can be...

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Online Shopping is Booming & So Is Fraud: Is Your Business Prepared?

The final months of the year signal the upcoming holiday season and a period of online frenzy. Online activity has been steadily increasing during the pandemic, with online sales expected to reach at least $630 billion in 2020 alone.  With...

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It All Begins With Identity

We all know that digital transactions have surged during the pandemic, and with the wrong identity verification technology, keeping up with the accelerated digital activity can be a challenge. In a recent podcast with PaymentsJournal, Acuant’s VP of Product Faisal...

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Introducing Acuant®GO: Why No Code IDV & Compliance Solutions are a Game Changer

No code technology is a rapidly growing market, and for good reason. Forrester expects the no code/low code market to reach $21.2 Billion by 2022. And Gartner estimates that enterprise low code application platforms (LCAP) will be 65% of all app...

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The Cannabis Industry is Growing and So Are the Fines: Learn How You Can Upgrade & Safeguard Your Business with Identity Verification

The cannabis industry as a whole, for medical and recreational marijuana, is growing substantially; retail sales are expected to reach at least $15 billion USD by the end of 2020 in the United States alone and could reach over $37...

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Combating Synthetic Identity Fraud: Key Takeaways from the OWI Panel

Hacking, money mules, identity theft and synthetic fraud are some of the many vectors of attack being used globally to target and exploit banks and fintechs for money laundering purposes. There is no silver bullet to end fraud schemes (or...

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Everything You Need to Know About [Money] Mules & How to Detect Them- Hint: It’s Not a Sniff Test

It's no surprise that targeted fraud is an ongoing problem for many businesses. According to a JP Morgan report, 81% of businesses were targets of some form of payment fraud in 2019. One of the many — and damaging —...

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It’s Time to Automate your KYC Compliance

There is a strong case to automate KYC (Know Your Customer) compliance today. An increasing volume of online transactions and an increase in the rate at which these transactions occur, on top of the current Covid-19 pandemic, makes manual processes almost impossible. No ordinary compliance team...

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Risk and Compliance Solutions for Payment Service Providers

Companies that scale and succeed are those that dedicate time and effort to implement and tune their risk models and processes for fraud prevention and money laundering. For any type of business, but specifically for Payment Service Providers (PSPs), adopting...

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