In one of our recent webinars, Sarah Hody, of the law firm Perkins Coie stated that “If a token is administrating or exchanging virtual currencies, FinCEN could deem the ICO issuer a money transmitter, which would require them to be registered under the federal BSA guidelines.” Well, FinCEN recently revealed a letter where they state […]
Regulated institutions are required to screen potential and existing client data against lists of people, countries and business entities they are forbidden from working with. These lists are provided by domestic and international regulatory bodies, such as the US Treasury’s Office of Foreign Asset Control (OFAC), or the UK’s Office of Financial Sanctions Implementation (OFSI). […]
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.
The latest release of the IdentityMind platform, version 1.37, is out. This release boosts the coverage we provide through sanctions screening lists, adds an advanced statistical analysis tool for transaction monitoring, and delivers a few bug fixes with document verification.
Next week’s inaugural Money20/20 Asia in Singapore is shaping up to be a great conference, bringing together the vibrant payments and FinTech community from some of the world’s most dynamic markets. Established incumbents will be rubbing shoulders with scrappy start-ups, regulators, and thought leaders to share and shape their thoughts on the existing and potential […]
The latest release of the IdentityMind platform, version 1.36, is out. This release strengthens verification capabilities for merchant onboarding, allows more granular geographic blocking and continues to build the AML UI. AML Transaction Monitoring Because a good transaction monitoring platform helps analysts manage the volume and complexity of transactions associated with AML Transaction Monitoring processes, […]
Risk and Compliance can look complicated from the point of view of an ICO-issuer. For some issuers, risk and compliance is not part of their every day business, and simply a newly required step for the ICO. However, for all issuers, regulators want to know that they have performed due diligence (KYC – Know Your […]
The latest release of the IdentityMind platform, version 1.35, is out. In this release, we’ve continued to broaden the range of widgets offered, new AML capabilities, fine-tuned email security testing, and added a range of document verification improvements through our integration with Mitek. AML Transaction Monitoring AML Transaction Monitoring is a core area within our […]
Your company expanding is exciting, growing your client base is very exciting, but if you are the compliance officer or a compliance agent managing this growth in Excel spreadsheets, that excitement might be mixed in with worry and trepidation. After all, those spreadsheets can lead to fines from regulators.Financial institutions that need to perform transaction […]
The start of a new year is a time of reflection while executing on a business strategy for the year ahead. By all accounts, 2017 was a banner year for IdentityMind Global, highlighted by the marketplace’s rapidly growing adoption of our digital identity-based compliance, risk management, and fraud prevention platform and product solutions. “2017 will […]