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

Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics

Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
March 13, 2020  |  AML

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How A Local Lens For Risk Analysis Can Fight Global  Money Laundering  And Fraud
How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud
March 12, 2020  |  AML

Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could...

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Global Payments: Taking A Localized Approach To Fighting Fraud
Global Payments: Taking A Localized Approach To Fighting Fraud
March 11, 2020  |  AML

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance...

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AML/KYC Compliance Just Got Harder
AML/KYC Compliance Just Got Harder
January 28, 2020  |  Regulation

The European Union’s Fifth Anti-Money Laundering Directive (5AMLD) went into force on Jan. 10, with new regulations for cryptocurrencies, wallets and exchanges. Some operators said...

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Deep Dive: Payment Service Providers Level Up KYC, AML Strategies
Deep Dive: Payment Service Providers Level Up KYC, AML Strategies
January 27, 2020  |  AML

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Worldpay On Staying One Step Ahead of eCommerce Fraud
Worldpay On Staying One Step Ahead of eCommerce Fraud
January 24, 2020  |  AML

The world of eCommerce fraud changes so unpredictably that merchants often struggle to defend against all possible lines of attack — rendering old-school tactics like...

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Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud
Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud
January 23, 2020  |  AML

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Law Enforcement Cracks Down On Corporate Payments Fraud
Law Enforcement Cracks Down On Corporate Payments Fraud
December 23, 2019  |  B2B Payments

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry, directly to corporates. The initiative enables 2,000 corporate...

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New Saga Crypto Implements AML, KYC Checks
New Saga Crypto Implements AML, KYC Checks
December 19, 2019  |  Cryptocurrency

A new form of cryptocurrency, called Saga, launched this week, with an eye toward answering some of the looming questions about the form. Saga was...

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