ACUANT BLOG

IDology’s Fifth Annual Consumer Digital Identity Study finds that 57% of consumers created an online account in 2022, up from 50% in 2021, indicating continued growth in digital adoption. In a recent webinar with BAI, our Chief Product Officer, Heidi...

Start of the Second Year for Russia-Ukraine War On February 24th, 2023, one year after Russia invaded Ukraine, the Financial Action Task Force (FATF) officially suspended the membership of the Russian Federation. In the statement, the FATF wrote: “…this war...

The digital era has ushered in a host of options for online dating. Much like the world of online financial transactions, this has also brought a host of fraudulent activity and risk to all demographics. Who hasn’t learned about catfishing...

Money laundering, the depositing or transferring of funds that come from illicit activity, is a global and growing problem. The United Nations Office on Drugs and Crime (UNODC) estimates that the amount of money laundered annually from criminal activities worldwide...

Amidst evolving regulations and the continued rapid adoption of a digital landscape—digital banking included—many financial organizations still face challenges when it comes to bridging the gap between their brick-and-mortar operations and the newer digital channels. The Challenges of Digital KYC...

Read an excerpt of our newest eBook, Synthetic Identity Fraud: A Costly Challenge, below. Real-life scammers continue to come up with creative ways to commit crimes, notably in the financial services arena. This is especially true with schemes like synthetic...

Glenn Larson is the Chief Technology Officer of Document & Biometrics at GBG (Acuant & IDology) and a member of the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives. Read his article for the Forbes...

On August 8th, the US Treasury’s Office of Foreign Assets Control (OFAC) added Ethereum mixer Tornado Cash and 40 unique cryptocurrency addresses to the Specially Designated Nationals (SDN) list. According to the press release, Tornado Cash was used to launder...

Knowing your ideal customer is one of the most fundamental aspects of any business, but for those in the gaming and gambling sectors, it’s a regulatory requirement. The global regulatory landscape is diverse, and businesses must keep up with developing...

It’s been a little over four months since the start of the war, but Russia’s attack on Ukraine has persisted. As part of efforts to stop the aggression, the West continues to introduce and expand sanctions against Russia. To learn...

Read an excerpt of our newest eBook, Following the Money: Preventing Money Mules & Laundering, below. What is a Money Mule? Though awareness of drug mules may be more common, they are not the only type of (human) mules exploited...

While the terms AML and KYC are sometimes thrown around interchangeably, they differ in meaning and in practice and are far less established when it comes to the crypto space. Currently, there is no cryptocurrency-specific federal mandate in the United...