Blogs
Ensuring KYC Compliance: Best Practices for the Legal Industry
When we think of Know Your Customer (KYC) and AML protocols, most people tend to associate the terms (and practice) with businesses involved in the financial sector, and for good reason. Banks, digital vendors, and other forms of financial institutions are beholden to...
Simplifying KYC Compliance with iComplyKYC
Today’s business and commerce markets are moving faster than ever, and with a rapidly evolving landscape, knowing that you have the best protocols and tools in place to stay compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards is...
iComply Announces Security Token Patent and Prefacto Licensing Program
iComply, a global compliance technology provider, is pleased to announce a new licensing program for an essential technology that ensures transactional compliance for financial institutions using blockchain.
Harnessing the Potential of Generative AI and Web3 for a Secure and Inclusive Future
Embracing the Future with Generative AI and Web3 In the ever-evolving landscape of technology, a new wave of innovations has emerged, holding the potential to address societal challenges and revolutionize the way we navigate the digital realm. Among these...
iComply Outlines Vision of a Trusted Digital Ecosystem in Newly Released White Paper
iComply’s white paper, “The Importance of Digital Identity in the Modern World,” delves into the challenges of our current digital identity landscape, presents an optimistic vision for the future, and outlines our mission to create a trusted, secure digital ecosystem. This document is a must-read for anyone invested in shaping a future where every transaction is secure, private, and compliant.
Travel Rule Facts: What to Know About FATF’s Recommendation 16
Are you aware of the key details pertaining to the Financial Action Task Force (FATF)’s Travel Rule? As a relative newcomer into the global securities and digital legislation field, the Travel Rule—also referred to as “FATF Recommendation 16”—has garnered significant...
EDD In Review: Taking A Brief Look at Enhanced Due Diligence
Are your Enhanced Due Diligence (EDD) protocols up to the task of mitigating risk in an increasingly digital world? With Interpol’s new Global Crime Trend report strongly indicating that money laundering, phishing, and online scams pose a significant risk to...
Is it Time For a KYC Overhaul?
Are your organization's processes due for a KYC and regulatory compliance update? If it’s been quite some time since you’ve reviewed your Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, there is a strong chance you may be at risk for fines and...
Exploring the Importance and Challenges of KYC Protocols
Are your fraud prevention protocols up to date with the latest Know Your Customer (KYC) and Anti-Money Laundering (AML) standards? In 2021, there was a 43% increase in fraud and computer misuse crimes compared to 2019, indicating that economic crime is on the rise....
EDD In Review: Taking A Brief Look at Enhanced Due Diligence
Are your Enhanced Due Diligence (EDD) protocols up to the task of mitigating risk in an increasingly digital world? With Interpol’s new Global Crime Trend report strongly indicating that money...
Is it Time For a KYC Overhaul?
Are your organization's processes due for a KYC and regulatory compliance update? If it’s been quite some time since you’ve reviewed your Know Your Customer (KYC) and Anti-Money Laundering (AML)...
Exploring the Importance and Challenges of KYC Protocols
Are your fraud prevention protocols up to date with the latest Know Your Customer (KYC) and Anti-Money Laundering (AML) standards? In 2021, there was a 43% increase in fraud and computer misuse...
Assessing Customer Risk with Automated KYC and AML Software
With financial crime, fraud, and money laundering quickly taking precedence as some of the most aggressively expanding forms of crime across the globe, having a risk-based approach to monitoring...
KYC for Banking – Made Simple with iComply
Is your banking institution set up for success and compliance in 2023? With the financial and digital asset markets experiencing a tumultuous time after the extreme fluctuations faced during the...
How to Spot Fraudulent Users with KYC Protocols
While we often speak about the many risks and crimes that Know Your Customer (KYC) protocols help to circumvent (the reactive approach), the cybersecurity industry can sometimes forget to highlight...
Eye On Compliance in 2023: Top KYC Trends
As Q2 of 2023 ramps up, the compliance industry continues to face a fast-paced environment of global changes and challenges when implementing protective measures against fraud, money laundering...
Digital Identities in 2023: Trends and Updates
With the first months of 2023 already showing uncertainty in both financial and digital markets (re: Silicon Valley Bank and Credit Suisse), business leaders are looking for ways to stay on top of...
Spotlight On: The Role of AML in Ending Human Trafficking
Human trafficking and modern slavery remain two of the most challenging humanitarian issues for international legislators and law enforcement agencies to resolve—due in large part to the the level...
Regtech Terms 101: Definitions Made Simple
If you're in the process of implementing or revising your money laundering and financial crime protocols, you’ve no doubt come across the many terms and acronyms associated with financial...
What Triggers an AML Investigation?
Money laundering and financial fraud are two of the biggest risks facing businesses and institutions worldwide, with an estimated USD $800 million to $2 billion laundered annually. To combat this,...
Business Continuity After Fraud: How to Recover and Build a Foundation for Success
Has your business recently faced difficulties due to a fraudster, money laundering, or other criminal activity? Whether your experience stems from a failure to comply with existing AML legislation...