KYC

Know Your Customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship.

Source: en.wikipedia.org

Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands
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August 18, 2020  |  Bitcoin

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. Get the Full...

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Deep Dive: Offering Fast And Secure Localized Payments To Cross-Border Shoppers
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People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew...

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British business banking firm Tide has teamed with business intelligence FinTech DueDil, to bolster its experience for creating a new account, according to a Tuesday...

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Deep Dive: How Marketplaces Use Market-Based Approaches To Recruit Sellers
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Fiverr On Fostering Trust Across Global Freelancing Marketplaces
Fiverr On Fostering Trust Across Global Freelancing Marketplaces
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Who doesn’t love fast money? But here’s the thing: Velocity adds risk in a complex equation, which includes everything from account opening to transacting across...

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Deep Dive: Securing P2P Apps Against Scams And ATOs
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July 21, 2020  |  AML

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How Alipay Works To Thwart Payments Fraud
How Alipay Works To Thwart Payments Fraud
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A small lapse in judgment can cost consumers big when transacting via payment apps, but having users jump through security hoops creates a clunky customer...

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