KYC 2.0 - Conozca a su Cliente en la Era Digital

Read the English Version adapted to US Regulatory Framework >>

Recientemente regresamos de K(NO)W Identity Conference 2017 organizada por One World Identity, la primera conferencia enfocada principalmente en identidades digitales y sus aplicaciones.

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Topics: Know Your Customer, Anti-Money Laundering, Compliance, Fraud Prevention, Trusted Digital Identities (TDI™), KYC

5 Can't Miss Sessions At IMTC USA 2017 - San Francisco

IMTC USA is just around the corner, and this year’s show has a strong agenda that focuses on how the money transfer industry can use technology to improve. The sessions will discuss how particular technologies can be integrated into the operations of Money Service Businesses (MSB) to:

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Topics: Anti-Money Laundering, Compliance, Conferences, Fraud Prevention, Payments

Snowden & KYC

We recently returned from the K(NO)W Identity Conference hosted by One World Identity, the first major conference focused on digital identities. For years identities have been taken for granted, while most business leaders didn’t realize that they sit at the center of every business transaction in the digital era. Our friends from One World Identity not only recognize this, they also understand that education and collaboration are  necessary to unlock the value of digital identities for businesses, regardless of the industry.

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Topics: Know Your Customer, Anti-Money Laundering, Compliance, Fraud Prevention, Trusted Digital Identities (TDI™), KYC

Doing business in Canada? Some Rules You Must Know

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), recently updated the Anti-Money Laundering regulation applicable to Financial Entities (FE's) that need to validate customers in Canada. Below is a breakdown of the changes to existing regulation for Identity Verification and for politically exposed person (PEP) screening.

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Topics: Compliance

Case Management and the SAR Filing Process

Case Management and SAR (Suspicious Activity Report) filing go hand-in-hand, with an effective case management program significantly bolstering the quality of SAR filing and recordkeeping capabilities. So, what should you look for in a case management and SAR filing programs?

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Topics: Compliance, SAR Filing

Doing Business in New York? Three New Rules You Must Know

Last week, the New York Department of Financial Services (NYDFS) unveiled new risk-based regulations for all Financial Institutions (FI’s) with customers in New York. The first two rules are effective January 1, 2017, providing less than six months to build an effective risk based system, while the third requires its first submittal on April 15, 2018.

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Topics: Compliance, Transaction Monitoring, SAR Filing

Six Strategies to Prevent Fraud and Achieve PCI Compliance

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Topics: Compliance, Fraud Prevention, Payments

Person to Person Payments (P2P): First Comes Innovation and Growth, Then Comes the Regulators

Person to Person payments (P2P) have been growing exponentially in the United States over the last three years. Also called Social Payments, P2P is a fast and easy way for individuals to send payments via the internet, instead of using traditional methods including cash, checks, and credit and debit cards. Examples of P2P services in the United States include Circle, Facebook Messenger, Snapcash, and Venmo. Often with P2P there are no fees for individuals to send or receive money.

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Topics: Compliance, Fraud Prevention, Payments

Above and Beyond: FinTech AML Self Regulation in Emerging Markets

We have a reasonably large set of FinTech clients operating in emerging markets, ranging from Latin America, Asia, and the Middle East. They include Virtual Currency Exchanges, Remittance providers, B2B Cross Border Payment facilitators, and Alternative Lending.

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Topics: Anti-Money Laundering, Compliance, Online Lending

Announcing the KYC Compliance Fundamentals Guide with Analysis of OFAC Sanctions

We recently organized a webinar with a panel of industry experts regarding Know Your Customer techniques. You can access the recording of the webinar here. Our panel covered KYC best practices, strategies, and procedures. The panelists shared their experiences dealing with KYC, and answered a variety of questions from the audience.

In case you missed it, we've compiled 22 of the most important takeaways gathered during the webinar, and developed the “KYC Compliance Fundamentals Guide” that you can use to verify the quality and strength of your KYC processes and procedures.

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Topics: Know Your Customer, Anti-Money Laundering, Compliance

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