OFAC and KYC Loom Large for Financial Institutions

 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…

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Melissa and Scanovate Form Strategic Partnership for Mobile Identity Management

Dynamic Platform Integrates Melissa’s Real-Time Data Quality to Validate Customer Data for KYC, AML Compliance Ramat-Gan, ISRAEL and Rancho Santa Margarita, CALIF – June 12, 2018 – Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its strategic partnership with Scanovate, a digital identity management platform bringing dynamic, real-time tools to compliance initiatives. Scanovate empowers…

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