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On May 21st, 2021, the Hong Kong Financial Services and the Treasury Bureau (FSTB) issued their consultation conclusions on the introduction of a new regulatory

France has transposed the principles of the Fifth AML Directive into its Financial and Monetary Code, giving French businesses more flexibility when onboarding users online.

What are chargebacks? Chargebacks (also known as “disputed transactions”) are credit card charges that customers request over alleged disputes. This could be an honest user

In July 2021, the UK imposed anti-corruption sanctions on Teodoro Nguema Obiang Mangue, vice president of Equatorial Guinea. He was accused of stealing government funds

On 5 March 2020, South Korea passed an amendment to the Act on the Reporting and Use of Specific Financial Transaction Information. It came into

Customer Due Diligence (CDD) is the process of collecting and verifying information about a customer during onboarding. This includes the customer’s name, address, and other

On October 28th, 2021, the Financial Action Task Force (FATF), a global AML standard-setting authority, finalized the updated  “Guidance for a risk-based approach to virtual assets

For fintech businesses, compliance isn’t simple. They have to meet KYC requirements, perform AML screenings, and take preventive measures against fraud. If they fail to

In 2019, amendments to Canada’s primary AML regulation (PCMLTFA) came into force, permitting remote photo ID verification in Canada. In June 2021, Canada’s financial regulator

From criminal activity to ever-increasing regulatory pressure, there are plenty of risks associated with forex platforms that can lead to substantial losses—leaving many traders extremely

My name is Tony and I’m the Chief Legal Officer at Sumsub. Our legal team has a wide range of duties, ranging from internal compliance