Age Verification: New Legal Trends in the KYC Landscape
Gone are the days when a simple “are you over 18?” checkbox would suffice to comply with age verification due diligence. This is particularly worrying given that, according to one study conducted by OLX, 60% of parents admit that they do not monitor what their children do online. Realizing how unrealistic it is to […]
How Criminals Launder Money With Cryptocurrencies
Despite the latest developments regarding their price, cryptocurrencies will most likely keep capturing the attention of financial innovation for the next years. Their penetration is still rising among individuals who use it as a mean of exchange or as an investment, but another kind of user is also emerging as the use of cryptocurrencies gets […]
Building Blocks of an efficient KYC Onboarding Process
Typical KYC checks include verifying new customers identity, financial status, and address as well as ascertain what fraud risks they may pose before onboarding them and open new accounts. To achieve this a number of specialized systems have to be combined into a comprehensive solution. Making sure the final solution is seamless and easy to […]
Onboarding customers in regulated markets
Companies active in regulated markets must perform Know Your Customer (KYC) Checks before they accept new customers, to be in line with anti-money laundering (AML) and counter terrorist financing (CTF) laws. To make matters worse, these laws are different from country to country and change regularly. Staying compliant while not frustrating the customers to much […]
KYC Cheatsheet – whats what in digital onboarding
Onboarding people through the Internet is a world in itself. Since the WWW came along in 1991, online companies and organizations have onboarded people to their systems in a variety of ways. 30 years has passed, and the once classical “username and password” has become obsolete for more and more online companies in a world […]