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Uncovering the Risks of Synthetic Identities
Meet “Joe Smith”, your suspiciously-good-on-paper prospective client applying for a line of credit. While many of Joe’s details seem to be tied to real documents like a valid Social Insurance or Social Security Number (SIN/SNN), address, and (of course) a glowing...
Stepping Up Your AML Practices in 2023
As we ease into 2023 and reflect on the ever-evolving world of digital security, there’s no denying that fraudsters have become incredibly advanced in their approach—an estimated 90% of money laundering crimes still go undetected—making AML protocols more important...
Q3 2022 Regulatory Updates
Regulatory actions and industry updates from financial authorities and regulators around the globe in Q3 2022
Protecting Digital Assets with KYC
Are your KYC protocols set up to protect your customers and your digital assets? With the digital world constantly evolving and new assets entering the market, ensuring that your due diligence and identity verification platforms are up to current regulations is...
Common Challenges Facing KYC Protocols
Do you have the right processes and protocols in place to protect against fraud, money laundering, and the many other risks that come with operating in today’s market? Know Your Customer and Customer Due Diligence, otherwise known as KYC and CDD, play a major role in...
How KYC Protocols Build Customer Trust
If you’ve followed along on any of our previous KYC blogs or are a subscriber of our Regwatch newsletter, you know just how important it is to stay on top of evolving KYC, AML, CFT, and CDD legislation. With criminal activity and fraud becoming increasingly complex,...
Taking a Closer Look at Enhanced Due Diligence
Enhanced Due Diligence (EDD) is one of the best ways to protect your business, as well as your customers, against the risks associated with fraudulent activities, money laundering, terrorist funding, and more. As a higher level of verification and identity...
How Does Edge Computing Assist with KYC?
As one of the most formidable technical features available on the market, edge computing gives KYC and AML solutions such as iComplyKYC a huge advantage when it comes to ensuring the privacy and security of customer data during identity verification and compliance...
What is KYC? Breaking Down the Basics of Know Your Customer
Know Your Customer (KYC) protocols have become an essential part of anti-fraud legislation designed to circumvent money laundering, the funding of illicit activities, protect customer data and provide other levels of heightened security. KYC processes are heavily...
Microsoft Partners with iComply to Enable Remote KYC and AML Verification
Partnership provides financial service providers, financial planners, law firms, mortgage brokers and insurance agents with a full suite of tools to serve clients without face-to-face meetings...
Canadian Regulators Issue Warning for Halifax & Associates
Multiple Canadian regulators issued investor alerts against online trading platform Halifax & Associates for selling illegal securities
iComply Announces $2M Grant for COVID-19 Relief
iComply announces iComply for Good, a $2M USD services grant for government and community organizations directly involved in COVID-19 relief and support initiatives.
Luxembourg Targets Companies in “Non-Cooperative” Tax Jurisdictions
Luxembourg to Deny Tax Deductibility for Companies Based in Non-Cooperative European Union Countries
Monetary Authority of Singapore Targets TMF Trustees
MAS imposes SGD $400,000 fine on TMF Trustees Singapore for failure to comply with AML and CTF requirements for trust companies
SEC Emergency Action Stops Virtual Asset Scam
U.S. Securities and Exchange Commission freezes Meta 1 Coin Trust’s assets, charges former state senator and associates
Tokyo Police Arrest Buyers In $530M Cryptocurrency Hack
Two Men Arrested in Japan for Purchasing NEM Cryptocurrency Stolen from Coincheck
Canada: Real-Estate Firms Violate Anti-Money Laundering Rules
FinTRAC Audits the AML Programs of 500 Real Estate Firms with Troubling Results
Overstock Annual Report Details SEC Investigation Into tZero Security Token
The parent company of the security token exchange tZERO was subpoenaed twice by the U.S. regulator at the end of 2019.
U.S. Targets Bank M.Y. Safra in First-Ever Crypto AML Action
OCC Hits New York-Based Bank with First-Ever Enforcement Action for Lack of Crypto AML Compliance
European Union Blacklists Non-Cooperative Tax Havens
EU Targets Cayman Islands, Panama, Seychelles, and Palau For Lack of Beneficial Ownership Transparency And Abusive Tax Practices
Regulators Take Action Against Online FX Broker JT Trader
BCSC Says “Global” Platform For Institutional and Retail Clients Operating Without a License
Don't take our word for it - here's what clients say about us!
We have settled in with your service and are very impressed. I have every confidence in iComplyKYC for the UK, where increasing pressure from regulators to not only improve AML compliance, but also to be able to demonstrate it.
European Business Systems, London, UK
iComply automates over 80% of our compliance tasks and consolidated multiple vendors.
Alt 5 Sigma, New York, US
I love that we can adjust for regulatory changes or business needs without a big software build.
