Know Your Customer

Businesses obtain customer information and ratify it through a KYC process, which begins with a Customer Identification Program (CIP). FinCEN's Final Rule sets out the CIP requirements, answering many queries about 'what is CIP?'...

Criminals use increasingly innovative methods in fraudulent activity, leading to the tightening of KYC requirements for banks and the development of anti-fraud solutions. KYC and AML solutions for banks are integral to fighting financial crime....

An ongoing monitoring process is vital in ensuring compliance is met with regulatory bodies. This guide discusses what comprises an AML monitoring strategy and how continuous monitoring strengthens Anti-Money Laundering efforts....

Increasingly complex regulations have muddied the regulatory water for some time. The high demand for an automated KYC verification service has led to a spike in the number of KYC vendors on the market. Choose the right one for you....

Know Your Customer Verification has become integral to safeguarding against financial system abuse and money laundering. Adopting a streamlined and global KYC verification process helps to gain and retain a competitive advantage....

AI has already reshaped multiple processes. KYC automation has bridged a gap between regulatory compliance and operational efficiency. This guide explores how KYC automation powers businesses and enables regulatory adherence....

The increasing frequency of digital interactions calls for a reliable online identity verification process. This requirement has given rise to eKYC, a process that's quickly becoming the gold standard for digital identity assurance....

Sanctions Screening is an Anti-Money Laundering (AML) control used to detect, prevent, and disrupt financial crime. Screening for sanctions risk is a mandatory requirement for regulated entities....