Breaking Down the New AML/CFT Rules– Overview, Comparison, Scope, and More
The US Government’s Financial Crimes Enforcement Network (FinCEN) proposed new rules for the AML and CFT on July 3rd, 2024. […]
What is Biometric Verification? Meet the Next Level of Security
🗒️ Key Highlights Biometric verification is one of the newest forms of security and identification measures. Biometric verification makes use
Examples of Money Laundering
🗒️ Key Highlights Three Stages of Money Laundering: Money laundering typically involves three stages: placement, layering, and integration. Common Money
OCR in Passport Verification
In today’s digital age, the need for efficient and secure methods of verifying identity documents has never been greater. One
What is SSN in Background Verification?
In today’s digital and interconnected world, background verification has become a crucial part of many processes, from hiring employees to
How Long Does It Take to Verify a Bank Account?
In our fast-paced, digital world, efficiency and speed are paramount, especially when it comes to financial transactions. One of the
How does ID document verification work?
What is ID Verification? ID Document Verification is the process of validating and confirming a customer’s identity through several validity
What is synthetic identity fraud?
Synthetic identity fraud is growing violently! As per an article published by Thompson Reuters in 2023, synthetic identity theft has
Identity Verification v.s. Identity Authentication: Similarities and key differences
The issues of data breaches and ID theft are becoming increasingly critical for most organizations nowadays. The Identity Theft Resource
KYC Vs CDD – What is the difference
These two terms KYC and CDD are used as synonyms many times. Though they are very similar, there are still