June 7, 2022
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...
May 26, 2022
Research has confirmed that not only do humans base a significant amount of their short and long-term judgments on their first impressions, but they form those judgments very quickly. In fact, a series of experiments by psychologists from Princeton University...
May 9, 2022
New sanctions packages are still being announced as part of ongoing attempts by global leaders to halt Russia’s continued aggression against Ukraine. To learn more about previously imposed sanctions, read our introductory sanctions blog and our 3.7.22, 3.21.22, 4.8.22 and...
April 28, 2022
Additional global sanctions have been introduced by world leaders as Russia’s military assault on Ukraine continues. For previously imposed sanctions, read our introductory sanctions blog and our 3.7.22, 3.21.22 and 4.8.22 sanctions updates. Continue reading to learn about some of...
April 8, 2022
New sanctions have been announced by the United States, United Kingdom and countries in the European Union as Russia continues—the initial attack was at the end of February of this year—its aggressive assault on Ukraine. For previously imposed sanctions, read...
April 5, 2022
Sanctions screening is a key control in the prevention of financial crime risk which financial institutions (FIs) may otherwise be exposed to. Screening should be undertaken to assist with the identification of sanctioned individuals and organizations, as well as the...
March 22, 2022
As the attack on Ukraine continues, additional sanctions have been announced by the United States, European Union and United Kingdom, to name a few. For previously imposed sanctions, read our introductory sanctions blog and our 3.7.22 sanctions update. Continue reading...
March 17, 2022
The popularity of cryptocurrency continues to skyrocket. In an estimated 567% increase from the prior year, 2021 saw a $15.8 trillion total crypto transaction volume1. NFTs also exploded that same year. Trading of NFTs increased by a significant 21,000% compared...
March 7, 2022
For previously imposed sanctions, read our introductory sanctions blog. Read on for some of the latest imposed sanctions. Current Snapshot of Sanctions as of 3.4.2022 United States: on March 3rd, the Biden administration announced new economic sanctions on eight Russian...
March 1, 2022
There has been global outcry over Russia’s military attack on Ukraine in response to the already deadly Russian invasion. In efforts to end the assault by imposing political and economic pressure, numerous sanctions have been introduced by the United States,...
February 17, 2022
More than 82% of Americans are using digital payments. Unsurprisingly, rapid digital growth has resulted in consumers having higher expectations and less patience—they expect a streamlined and fast onboarding experience that doesn’t compromise the security of their PII. But that’s...
January 20, 2022
The accelerating digital landscape has resulted in the rapid growth of digital services such as digital banking, telehealth and online marketplaces. With many businesses, particularly those in banking and financial services, serving more customers online, the importance of accurately verifying...