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Under the EU General Data Protection Regulation 2016/679 (GDPR) almost every company established outside the EU, but which is processing the personal data of people

On 31’ st of October 2019 The Financial Action Task Force (FATF) has published 77-page draft guidance on how financial institutions, governments, and other relevant

There are two points of view concerning the SSN verification. On one hand, it is an established tradition to verify identity via SSN. It is

Although there is a lack of official announcements, cryptomarket braces to face new crypto demands, as FCA continuously recruits compliance officers in the UK, Czech

Commercial transactions between companies and individuals often lack trust and confidence. There is always a chance that electronically sent documents could have been altered to

Cryptocurrency regulations are on the rise — we have been hearing this phrase for the past year a lot. Some of the noise is hype,

Online marketplaces revolutionized shopping experience with remote and friction-free transactions available through multiple payment options. It also opened a new platform for cybercriminals. The absence

During a Plenary meeting held on the 21st of June 2019, FATF finalized their recommendations on cryptocurrency regulation. From now on “virtual asset service providers”

After four years as an observer, Saudi Arabia joins the other 38 members of the FATF (Financial Action Task Force) to dictate internationally accepted standards,

On May 9, 2019, Financial Crimes Enforcement Network (FinCEN) has published a new guidance sheet on businesses that operate using convertible virtual currencies (CVC). The

Setting up bank accounts, opening e-wallets, before completing any transactions users are asked to confirm their identity by undergoing KYC. Businesses are obliged by law