For banks and other financial institutions (FIs), the problem of identifying beneficial owners is becoming more acute. As Financial Action Task Force (FATF) President, Dr. Marcus Pleyer, states 2022 will “include a focus on improving beneficial ownership transparency,” noting that current rules are “not working.” There are multiple reasons for…

China’s Personal Information Protection Law (PIPL) went into effect on 1st November 2021. With the Cybersecurity Law and the Data Security Law, the PIPL is the third of three Chinese laws designed to provide a comprehensive approach to cybersecurity, data security and data privacy. The Cybersecurity Law The Cybersecurity Law (CSL) went into…

Having the proper balance between risk and speed is vital, especially in the fast-moving world of fintech and banking. Getting accounts opened and doing business are crucial, but ensuring effective compliance and fraud prevention measures are fundamental to ongoing operations. …

Trulioo has now enhanced its identity verification services in Ireland across Trulioo GlobalGateway. For companies looking to expand to or within the European Union (EU), the Republic of Ireland has numerous advantages: A low corporate tax rate Robust infrastructure and legal systems After Brexit, it’s the only predominantly English-speaking country…

Identity verification has three primary use cases: achieving compliance requirements, reducing fraud and building trust and safety. Depending on your business and where you operate, you might prioritize a particular use case. …

Keeping the tainted funds of corrupt politicians and their networks out of the legitimate financial system is a vital outcome of effective Know Your Customer (KYC) procedures. …

For merchant acquirers, one of the most common and costly causes of financial loss is merchant fraud; fake merchant accounts that appear as legitimate businesses but are just fronts for various fraud schemes. While digital payment systems have enabled new ways to conduct business, their complexity and global reach also…

For merchant acquirers, one of the most common and costly causes of financial loss is merchant fraud; fake merchant accounts that appear as legitimate businesses but are just fronts for various fraud schemes. While digital payment systems have enabled new ways to conduct business, their complexity and global reach also…

In 2021, there’s a substantial amount of angst and anxiety, as the upheaval around us is changing the way we live, work and interact. …