Identity Verification, KYC, & AML Blog

The Star Casino A$260 Million Fine Timeline and AML Violation Details

News

The Star Casino A$260 Million Fine Timeline and AML Violation Details

Anti-Money Laundering

Australia's Star Entertainment has been fined A$260 million for serious AML failures involving high-risk customers, inadequate due diligence and weak oversight. Explore AUSTRAC's findings and key lessons for regulated businesses....

CryptoCubed October Newsletter: Coinbase €3.25M Fine and More

News

CryptoCubed October Newsletter: Coinbase €3.25M Fine and More

Crypto Regulations

In October, we explore the Coinbase €3.25 million penalty and South Korea’s hunt against 27 unregistered crypto exchanges. We also cover recent compliance updates, such as the UK Crypto Authorization Gateway and AMLA Final Drafts....

7 Must-Haves for Crypto Document Verification to Stop Fake IDs

Guides

7 Must-Haves for Crypto Document Verification to Stop Fake IDs

Know Your Customer

Fake IDs are getting harder to spot, but tougher KYC shouldn't mean more abandoned sign-ups. Discover seven crypto document verification must-haves, a real fraud case, and ways to stop impostors without losing genuine customers....

Zheng Zhao Extradited to US Over $36.9M Crypto Scam

News

Zheng Zhao Extradited to US Over $36.9M Crypto Scam

Crypto Regulations

A $36.9M crypto scam. 174 US victims. One global money trail. With Zheng Zhao extradited to the US, discover how fake investment platforms allegedly moved stolen funds across borders and the AML warning signs businesses must spot....

New EU AMLA and OLAF Agreement Amplifies Financial Crime Efforts

News

New EU AMLA and OLAF Agreement Amplifies Financial Crime Efforts

Anti-Money Laundering

The Anti-Money Laundering Authority (AMLA) and the European Anti-Fraud Office (OLAF) signal stronger financial-crime cooperation in a new joint agreement. This move is strategic, as the AMLA prepares for direct EU AML supervision....

Biometric Verification Software Comparison Performance Evaluation

Guides

Biometric Verification Software Comparison Performance Evaluation

Biometrics

Choosing the right biometric verification solution goes beyond vendor accuracy claims. Businesses should evaluate compliance, customer experience, and real-world performance to make informed buyer decisions and reduce fraud risks....

FlexAML and ComplyCube Tackle Compliance Gaps

News

FlexAML and ComplyCube Tackle Compliance Gaps

Announcements

ComplyCube partners with FlexAML to help UK TCSPS tackle growing Anti-Money Laundering through automated business verification, individual authentication, tailored risk assessments and compliance-driven onboarding workflows....

What Are Dynamic Workflows?

Guides

What Are Dynamic Workflows?

Know Your Customer

Discover how Dynamic Workflows transform KYC onboarding with tailored verification journeys, conditional routing, and no-code automation. Learn how businesses reduce friction, improve efficiency, and maintain compliance controls....

KYC Risk Assessment for Crypto Businesses

Guides

KYC Risk Assessment for Crypto Businesses

Know Your Customer

KYC risk assessment is a key process in an effective AML program. It identifies, assesses, and classifies customer and business risk. They are crucial for cryptocurrency businesses to prevent financial crime and ensure compliance....

ComplyCube Puts Businesses in Control with Custom Risk Scoring Engine

News

ComplyCube Puts Businesses in Control with Custom Risk Scoring Engine

Announcements

ComplyCube launches its Custom Risk Scoring Engine, empowering businesses to automate risk assessments, apply tailored scoring models, and make explainable, auditable decisions as customer risks evolve over time....

Bank of America $1.2bn Fine Exposes Years of AML Failures

News

Bank of America $1.2bn Fine Exposes Years of AML Failures

Anti-Money Laundering

Bank of America’s $1.2 billion fine follows years of unresolved AML and sanctions compliance failures. Despite prior warnings, the bank had failed to implement sufficient remediation, amounting to the scale of the penalty imposed....

AMEX Fined $350M For Systemic AML Failures

News

AMEX Fined $350M For Systemic AML Failures

Anti-Money Laundering

AMEX faces a $350M fine after regulators uncovered systemic AML failures linked to $13B in suspected money laundering activity. Discover how compliance gaps persisted for over a decade and what financial institutions can learn....