Businesses that Neglect ‘Know Your Customer’ Regulations are Messing with Fate and Government Regulations
Here’s the weird thing about money laundering: The problem just doesn’t want to go away. According to statistics compiled by the IRS, the ways that crooks hide the sources of their ill-gotten gains appear to be infinitely creative, with investigations and prosecutions remaining steady over recent years.… Read More
Promising to be Europe’s most exciting fintech trade show, there was a real buzz surrounding Fintech Connect. The team had high hopes and we were not disappointed – Fintech Connect was a fantastic two days and we had a great time meeting other exhibitors and talking to a number of individuals about all things KYC and AML. Day 1 was just as buzzing as day 2.… Read More
Company Receives SOC2 Certification; Outlines Criteria for Trusted Data in Banking, Healthcare, Marketing and More
Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its trust and compliance checklist, helping enterprises understand and evaluate complex criteria for secure, optimized data quality operations. The company is committed to trust and compliance leadership, securing its continued SOC2 certification to validate overall data operations as secure, private and compliant.… Read More
Fintech Connect is coming up next week and as we prepare for the show, we thought we would come to our blog to let attendees know what to expect from the team. This will be our second time at the event and as a leading fintech event, there will be a number of players in the fintech ecosystem attending the event to view the latest innovations changing the fact of the sector, so we’re looking forward to meeting everyone.… Read More
In the alphabet soup of government agencies, OFAC looms large for financial institutions.
Sometimes considered one of “the most powerful yet unknown” government agencies, the Office of Foreign Assets Control—a part of the Treasury Department—enforces economic and trade sanctions in support of U.S. national security and foreign policy.
Simply put, many bad actors attempt to realize their plans via financial means, including fraud, theft, banned commercial trading, or the funding of terrorism.… Read More