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How to Leverage SaaS for Global KYC-AML Compliance

How to Leverage SaaS for Global KYC-AML Compliance

Financial institutions are under constant pressure to streamline operations, enhance customer experience, and ensure regulatory compliance. It is challenging to stay compliant with Anti-Money Laundering (AML), Know Your Customer/Know Your Business (KYC/KYB)...
How to Detect and Prevent Transaction Laundering

How to Detect and Prevent Transaction Laundering

A Merchant’s Nightmare! Do you want to know how to detect and prevent transaction laundering? Transaction laundering is a deceptive and illicit financial activity in which a legitimate merchant’s payment processing system is exploited to disguise illegal...
Financial crime and fraud detection trends around the world

Financial crime and fraud detection trends around the world

This study explores financial crime and fraud detection trends around the world. E-commerce is growing rapidly worldwide, with fraudsters lurking in the shadows. Unfortunately, a lot of financial crime remains undetected. As digital payment gradually replaces cash,...
Sentinels eBook: 7 Major Banking Scandals

Sentinels eBook: 7 Major Banking Scandals

In 2021 alone, the financial sector received $5.4 billion in penalties for non-compliance with AML, KYC and data privacy regulations. The United Nations Office on Drugs and Crime (UNODC) estimates that the global cost of money laundering consists of 2-5% of global...
Two Identity Fraud schemes that call for a new approach to KYC

Two Identity Fraud schemes that call for a new approach to KYC

In recent years, technology has gotten so good at detecting counterfeit ID documents, that fraudsters are changing their modus operandi. Social engineering and the use of money mules have widespread and call for a radically different approach to KYC. Social...