What is Money Laundering? How Can Your Business Counter It?
As the name suggests, money laundering is the process of turning dirty money clean. The dirty money in question is […]
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How AML Transaction Monitoring Protects Financial Businesses
Money laundering is a serious issue faced by economies across the world. According to the United Nations Office on Drugs
What is Document Verification? How it works and key benefits
As digital communication is on the rise, verifying the legitimacy of a document being scanned, emailed, or sent online has
Selfie Identity Verification
Identity verification processes have grown as the years have progressed. We have gone from basic passwords to two-factor authentication of
AI-generated fake IDs — How Your Business can Counter the Attacks
Fake IDs have been a problem for businesses for the longest time. With the introduction of AI to the mix,
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
What are the KYC Documents Required for Banks?
🗒️ Key Highlights KYC (Know Your Customer) is a process that allows banks to verify their customers’ identities (be it
Examples of Money Laundering
🗒️ Key Highlights Three Stages of Money Laundering: Money laundering typically involves three stages: placement, layering, and integration. Common Money
What is a Politically Exposed Person (PEP)?
🗒️ Key Highlights Politically Exposed Persons (PEPs): PEPs are individuals holding prominent public positions or influence in governmental activities, making
How to verify businesses?
Key takeaways Importance of Business Verification: Verifying businesses is not only a regulatory requirement but also a crucial risk mitigation