How Can Banks Benefit From Facial Biometrics Solutions?
In recent years, the use of online and mobile banking has increased, while more and more physical branches have shut down. In 2021 alone, as
February 16, 2022
Blog
Every week our fintech, regtech, and legal experts write about compliance, best practices and controversial trends on KYC/AML, identity fraud, and data protection. Get up to speed!
How to Submit the Annual Financial Report for UK Cryptoasset Businesses [Updated 15.02.2022]
On March 30th, 2022, the Directions issued by the UK Financial Conduct Authority (FCA) will come into force, clarifying the crime reporting obligations for cryptoasset
February 15, 2022
Gambling in the UK: How to Get Licensed and Stay Compliant
The UK is the second-largest gambling market in Europe, with British gamblers spending approximately £14 billion ($18.9 billion) per year. Understandably, industry regulations are continuously
February 7, 2022
The Next Step in Fraud Prevention: Sumsub Launches NFC Verification on Its Mobile SDK
On January 28th, 2022, Sumsub introduced NFC-based ID document verification. The feature is already available to all customers using the latest version of the Sumsub
February 4, 2022
How Will the Global Regulatory Landscape Change in 2022?
In recent years, regulators have adjusted their priorities to strengthen their AML/CTF frameworks. As the world becomes even more digital, legal acts related to virtual
February 3, 2022
Singapore’s Digital Payment Token Regulations: Everything You Need to Know [Updated 01.02.2022]
Singapore intended regulating virtual assets since 2014 to confront money laundering and terrorist financing. Six years later, the Monetary Authority of Singapore (MAS) published the
February 1, 2022
NFC Chips and How You Can Use Them For Identity Verification
Over 80% of smartphones are now enabled with NFC (Near-Field Communication). As the technology grows in popularity, companies are exploring ways to implement NFC in
January 31, 2022
China’s Personal Information Protection Law (PIPL): Is Your Business Ready for It?
China’s Personal Information Protection Law (PIPL) came into force on November 1st, 2021. The law establishes strict rules on handling the personal data of Chinese
January 25, 2022
What’s Money Muling and How Does It Affect Businesses?
Money muling is a form of money laundering where criminals employ other individuals to move illicit funds. COVID-19 has led to widespread unemployment, which has
January 21, 2022
How to Comply with Mexico’s FinTech Law
Being one of the largest fintech markets in the region, Mexico has been working on reforms regarding the financial inclusion strategy since 2015. The main
January 13, 2022
What Makes an AML Compliance Program Effective?
The financial industry requires compliance with local, state, and international anti-money laundering (AML) standards. This promotes effective implementation of legal, regulatory, and operational measures aimed
December 30, 2021
The 5 Most Important AML Updates of 2021
Countries all over the world are constantly amending their AML regulations to counter the latest money laundering and terrorist financing strategies. Recent innovations like non-fungible
December 28, 2021
