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A selection of podcasts and audio blogs relating to KYC (Know Your Customer), AML (Anti-money Laundering) and Identity Verification.
62 Episodes
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The regulated sector is diverse and institutions must keep pace with developing rules and regulations in order to remain compliant.As such, creating a smooth onboarding process which is both robust and efficient is no mean feat. The challenge for businesses is to continue to meet evolving requirements without adding friction and delays, which lead to customer frustration and drop-offs.When onboarding, financial institutions need to know who their prospective customers are before engaging in a business relationship. This is where customer due diligence comes into play.
The global AML landscape is diverse and financial institutions must keep pace with rules and regulations in order to remain compliant.But regulations are constantly evolving and businesses must also be prepared to move swiftly, adopt new standards, and protect themselves from scrutiny.
Speed and security have become of paramount importance for any business dealing with customer data. Customers want to be able to access their accounts and services as soon as possible, but they expect their information to remain safe and secure from criminals.This substantiates the argument for multi-factor authentication and negates the security of the opposite. Passwords are still an authentication method of choice for some businesses, but the time has come to ditch them once and for all.
In the gaming industry, creating a smooth onboarding process which is both robust and efficient is no mean feat, especially with increasingly strict KYC & AML laws.But, there are ways you can employ smarter methods of identity verification to win more ‘good’ customers and have them using your services as soon as possible…
The gaming landscape has changed dramatically over the past 12 months with more traditional players having to opt for online services.Moving further into the digital space means gaming and gambling is now done in real-time. However, the identity verification KYC steps that take place to onboard a new customer, for many operators, are not.
The more efficient your methods of onboarding customers, the faster your business will experience growth, but speed is only one aspect of authentication.To ensure your processes are safe, compliant and only allow ‘good’ customers through, security is paramount. But which is the right method for your business?
Whether a document is a fake, forgery or counterfeit, none of them should be used to verify a customer’s identity.Here, we will explore the difference between the terms and what they mean in practice when referring to falsified identity documents.
Knowing your ideal customer is one of the most fundamental aspects of starting any business, but for those in the financial sector, it’s a regulatory requirement.
Things move quickly in the world of cryptocurrency and the value of assets like Bitcoin have recently risen to their highest price in years.When markets continually experience price hikes of the like we’ve seen recently, investors can feel they have missed the boat and the bubble will inevitably burst…But there is a way of gaining access to the party without paying today’s high prices.
The UK gambling landscape is constantly evolving with the addition of new forms of gaming and ways to access them.But there are areas where regulation is lagging behind the development of the industry and worryingly, these represent a gateway to vulnerable members of society.
Customer acquisition costs are among the most valuable metrics for all businesses and keeping them low is paramount to overall profit margins.So in an increasingly competitive crypto space, onboarding customers as quickly and efficiently as possible while reducing acquisition costs is key to survival.
As people have become even more connected online, social media usage has continued to rise and play a wider role in our everyday lives.When used right, social media is an incredible form of communication and can be a force for good. But, the relative anonymity it offers users is subject to growing criticism as some people hide behind pseudo-accounts and launch abuse at others. Is it time for wider identity verification on social media?
Fraudulent activity is on the rise globally and criminals are continually developing new ways to attack businesses and customers. 2020 had a massive impact on the way we live our daily lives with an accelerated adoption and use of digital technology, but it’s also had an impact on how exposed we can be to fraudsters.In this shifting landscape, organisations need to keep on top of the risk of financial crimes such as fraud, money laundering and terrorist financing, and deal with breaches accordingly.
Artificial intelligence technologies have become increasingly integral to the world we live in.AI technology is now routinely used in autonomous vehicles, medical diagnosis, and proving mathematical theorems. The promises of artificial intelligence are great, but so is the potential for the technology to be used for criminal activity. Here, we explore the most serious threats in AI crime.
Fraudulent activity is on the rise globally and criminals are continually developing new ways to attack businesses and customers. Millions of people are affected by fraud every year and it is estimated that in 2019, criminals made $4.2 trillion from fraudulent activity worldwide.In this shifting landscape, organisations need to keep on top of their exposure to the risk of financial crimes such as fraud, money laundering and terrorist financing, ensuring they’re up to the job of protecting their customers, and deal with breaches accordingly.In order to remain compliant, companies are required to perform verification checks on their customers, one of them involves making sure customers are not at risk of political exposure or under any sanctions.
Today’s retail landscape is almost unrecognisable to any in living memory. While high street stores up and down the country have been forced to close their doors, it’s never been so important for businesses to provide a first-class digital experience.Along with advances in AI and alternative data, the pandemic has accelerated the adoption and use of digital technology which has had a massive impact on the way we live our daily lives; people are becoming more connected with the use of digital solutions.But it’s also had an impact on how exposed our identities can be to fraudsters…
The landscape of fraud is constantly evolving as criminals continually develop new ways to attack businesses and customers, but fraud has always taken place…In this series we will be profiling some of the most notorious fraudsters of all time, their crimes, and how they got away with them for so long.The first subject in our series of infamous fraudsters is a contentious one; Ross Ulbricht is currently serving a life sentence in prison which many believe does not warrant his crime.
The initial interactions a new customer has with your business set the tone for the entire relationship; the likelihood of a customer sticking with you (and recommending you to others) increases with the level of emphasis you put on creating an excellent onboarding process.That’s why it’s important to make sure your onboarding process is robust, efficient and compliant and your customers can begin using your products as quickly as possible, with minimal drop-offs.
Though the full scale of money laundering in the UK property market is unknown, illicit activities have been steadily increasing for some time now.As such, anti-money laundering regulations in the sector have been updated a number of times over recent years and it is important that estate agencies comply with the evolving rules to avoid hefty fines & sanctions.
Much of what you’ll find on the dark web gives it its shadowy reputation; the majority of dark websites are used for criminal activities, primarily drugs and finance.Shopping for illicit material is very different to popping down to your local high-street. Besides the illegality, there isn’t a typical price list for stolen credentials and the like.How much something is worth depends entirely on the value to the buyer, but how much would your information be worth on the dark web?
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