Last week, the SEC asked to speak with us. The SEC has been very active recently, issuing numerous subpoenas. Interestingly, we are not conducting an ICO, presale or SAFT. Instead, we support companies who are, providing Know Your Customer (KYC) support, sometimes called AML/KYC.
Building a product that makes a meaningful difference for our customers is what brings us into the office every day. And, of course releasing our work gets us even more jazzed. Our latest release of the IdentityMind platform (v1.34) is out. It introduces new features to facilitate smoother money-laundering detection and identity proofing. AML Transaction […]
The Office of the Comptroller of the Currency (OCC) recently announced its continued support for providing financial technology firms national banking licenses. On July 19th, Keith Noreika, acting Comptroller of the Currency, said, “We all need the federal banking system to be more inclusive, to accommodate new banks, and to adapt to the changing needs […]
U.S. anti-money laundering regulations are extensive, filled with explicit and implicit requests, and require studying. However, the benefit of knowing them is fundamental: It will save you time, money, and maybe your business. The irony of starting a company is that you don’t get to focus on solving the problem(s) you started the firm to […]
Everything from innovation to transaction volume is rapidly increasing in the digital world. And as transaction volume goes so does fraud, money laundering and the cost of regulatory compliance. For instance, since October 2015, online e-commerce fraud has jumped 11% in the US. In monetary losses, that means that $4.79 out of every $100 are at risk of […]
Case Management and SAR (Suspicious Activity Report) filing go hand-in-hand, with an effective case management program significantly bolstering the quality of SAR filing and recordkeeping capabilities. So, what should you look for in a case management and SAR filing programs? The panelists that led in our “Case Management & SAR Filing” webinar provided a wealth […]