AML/KYC Tracker

AML/KYC - December 2020

• An interview with Anthony Botticella, CEO of BitGo, about how the cryptocurrency exchange deploys a multilayered system to prevent money laundering on its platform
• The latest AML/KYC developments, including how 56 percent of cryptocurrency exchanges have weak or nonexistent KYC procedures and why 47 percent of American banks report that regulatory compliance is their primary challenge this year
• A Deep Dive analyzing the pressures cryptocurrency exchanges face to step up their AML/KYC compliance processes

AML/KYC - October 2020

An interview with Amit Sagiv and Volodymyr Tsukur, co-heads of Wix Payments, on how AI and machine learning enables AML compliance for small to mid-sized businesses

The latest financial crime developments, including why almost 50 percent of customers are abandoning frustrating KYC processes and Hong Kong banks’ growing acceptance of AI for AML purposes

A Deep Dive analyzing the methods money launderers leverage in the eCommerce space and how payments providers are harnessing AI to stop them

AML/KYC — July 2020

• The latest headlines on AML/KYC, including IDFC First Bank’s launch of a video-based KYC capability and Commerzbank London’s $47 million fine for AML and CTF failures
• An interview with Victoria Liu Edison, Alipay’s head of compliance for the Americas, about how behavioral analysis and biometric authentication can help keep customers in China safe
• A Deep Dive on how mobile payment app providers can work to foil account takeovers and scam attempts

AML/KYC Tracker - May/June 2020

• The latest AML/KYC headlines, including recent efforts to help FIs use voiceprint biometrics and why companies need to make virtual KYC tools accessible to digital-wary consumers
• An interview with Andrew Davies, vice president of global market strategy and financial crime risk management at Fiserv, about the AML procedures FinTechs can adopt to keep their partners and customers safe
•  A Deep Dive examining how FIs that are adopting open banking can use multifactor authentication to protect customers against emerging fraud threats

AML/KYC - March 2020

• The latest AML/KYC headlines, including how six Thai banks are testing a biometric digital KYC method and the latest expectations regarding the European Union’s forthcoming Sixth Anti-Money Laundering Directive
• An interview with Dan Sketcher, head of product at Global Payments AU/NZ brands eWAY and Ezidebit, on the financial fraud challenges different merchant sectors face and how money laundering risks vary across international markets
• A Deep Dive examining how biometric authentication and mobile network operators’ data can establish digital IDs for displaced individuals who lack formal identification documents

AML/KYC — January 2020

•  The latest AML/KYC headlines, including digital wallet Paytm’s response to a series of KYC scams and how a blockchain-based tool is enabling better interbank communication about potential money laundering efforts among Japanese FIs
• An interview with Ryan Fox, head of global identity services at Worldpay from FIS, on the perks of using AI-powered behavioral analysis to protect eCommerce from emerging fraud types
• A Deep Dive examining how payment service providers can safeguard their operations against money laundering and other illicit activities

AML/KYC - November 2019

•    The latest headlines on AML/KYC, including including Bank of Thailand’s biometric KYC pilot and India’s changed KYC requirements for foreign investors
• Justin Farris, Zillow’s director of product development, on real estate security and how home purchasing and rental platforms can defend against attempted money laundering and other forms of fraud
• A Deep Dive on the potential benefits and limitations of video-based KYC in Fis’ onboarding procedures

AML/KYC - September 2019

• A Deep Dive into the financial sector’s anti-fraud and regulatory compliance efforts, including how AI-based tools can help
• The latest AML/KYC headlines, including the exposure of 2.6 million Jana Bank customers’ KYC details and crypto exchange Binance’s response to alleged KYC data theft
• An interview with Nicolas Dinh, chief operating officer of financial mobile app STACK, on how financial startups can create robust fraud fighting strategies to win customers’ trust

AML/KYC - July 2019

• The latest industry headlines, including India’s new KYC requirements and Coinfirm’s AML-related partnership with Ripple XRP
• Bitbuy founder and president Adam Goldman on how his trading platform keeps cryptocurrency transfers safe
• A Deep Dive into the emerging fraud forms impacting sharing and gig economy platforms, including the strategies to combat them

AML/KYC - May 2019

• The latest AML/KYC headlines, including the rampant money laundering present in Canadian real estate andcrypto exchanges’ compliance struggles
• An interview with Ian Rosen, CEO of StockTwits, on securing the company’s investor- and trader-focused social network and forthcoming stock brokerage app
• A Deep Dive investigating the positives and pitfalls of biometrics for KYC

AML/KYC - March 2019

• The latest headlines on AML/KYC, including Canada’s FINTRAC penalty system review and expansion of the EU’s AML/CTF blacklist
• Susan Hawley, policy director of anti-corruption nongovernmental organization Corruption Watch UK, explains what the nation’s high-level money laundering prosecution is lacking
• A Deep Dive on how financial institutions are turning to automation tools to help catch criminals, keep up with regulation compliance and combat the $800 billion to $2 trillion global money laundering problem

AML/KYC - January 2019

• Anthony Couture, chief compliance officer of investment platform FrontFundr, discusses how the company offers security to both investors and startups
• The latest headlines on AML/KYC solutions that are changing the way companies authenticate customers and pursue ICOs
• A Deep Dive on how the 2008 financial crisis paved the way for current AML/KYC regulations