01 Sep
Due to the rising rate of financial crimes and fraud, banks and financial institutions are now being required to conduct in-depth customer due diligence and AML verification on new customers...
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KYC
27 Jul
The use of Convertible Virtual Currencies (CVCs) or “crypto” for illicit use has risen sharply this year. Fines and restraining orders are being levied against fintech organizations, banks, and crypto-asset...
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24 Jun
“Global tourism suffered its worst year on record in 2020, with international arrivals dropping by 74%,” according to the latest data from the World Tourism Organization (UNWTO). Facial recognition software...
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06 May
San Diego, California, May 4, 2021 - Tony Raval, CEO of IDMERIT, was a featured guest on the UBS’ Profiles in Business with Jared Papin podcast. Profiles in Business discusses...
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28 Apr
Due to increasing regulatory reform and widespread money laundering and illicit activities, more businesses and compliance teams are becoming aware of the dangers that exist in not having strong KYC...
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09 Apr
Ever since the advent of blockchain and bitcoin, things have looked very different. Initially, most people wrote bitcoin (which was the first cryptocurrency) off. Since its meteoric rise in 2019...
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04 Apr
While the digitization of the process of transferring and receiving money has evolved, it has certainly brought some setbacks with it, one of the biggest being the possibility of financial...
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02 Apr
“Financial institutions have been hit with $10.4 billion in global fines and penalties related to Anti-money laundering (AML), know your customer (KYC), data privacy, and MiFID (Markets in Financial Instruments...
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13 May
Currently, the cybersecurity risks for financial institutions is high. In recent years, there have been over one billion cyber attacks on financial institutions. They have faced significantly more attacks than...
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18 Feb
In the United States, data breaches have become increasingly more common. In the first half of 2018 alone 668 data breaches occurred which exposed over 22 million identity records of American citizens....
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