by Jyotsna Bucktowar | Apr 5, 2025
This blog by Beyond FS discusses the challenges that financial crime teams face when implementing new KYC (Know Your Customer) and financial crime technology. It emphasizes the importance of setting a clear internal strategy before adopting new technology, aligning...
by Jyotsna Bucktowar | Feb 26, 2025
OKX employees actively guided US users on faking nationality to bypass KYC checks—showing deliberate not just negligent but AML violations. The platform processed over US $5 billion in suspicious funds, ranking among the largest crypto enforcement cases. The crackdown...
by Jyotsna Bucktowar | Feb 7, 2025
Acting Chairman Travis Hill has sent a letter to the (FinCEN) advocating for greater flexibility in certain Customer Identification Program requirements for bank-fintech partnerships. Specifically, Hill supports allowing the collection of just the last four digits of...
by Jyotsna Bucktowar | Oct 17, 2024
Conducting business entity verification is crucial to mitigate risks related to sanctions, fraud, money laundering, and other financial crimes. By ensuring the accuracy and authenticity of business entities, organizations can establish trust, maintain regulatory...
by Jyotsna Bucktowar | May 22, 2024
The abuse of online platforms continued to leave people vulnerable as the criminals stole £1.17bn in 2023, down 4% from 2022. It called on tech companies to do more to help stop the scams. Consumers lost £86m last year to purchase scams, in which they agreed to pay...
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