November 22, 2022
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...
September 28, 2022
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...
August 30, 2022
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...
August 19, 2022
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...
August 10, 2022
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...
August 9, 2022
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...
July 28, 2022
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...
July 7, 2022
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...
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...