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Solving the Puzzle of Cross-Border Expansion with AML and KYC Compliance

December 07, 2023

In the global business landscape, expansion is a delicate and complex process, akin to assembling an intricate puzzle with numerous interlocking pieces. Each component in cross-border expansion contributes to the broader picture of success. However, much like assembling a challenging puzzle, navigating the multifaceted landscape of Asia Pacific (APAC) markets requires the alignment of crucial…

Image text: Do you know your car buyer?

Decoding Deceit: Gabi’s Journey Through Car Buying Identity Theft

December 04, 2023

Let’s be honest – the car-buying experience is a dreaded affair for most of us. It’s time-consuming, exhausting, and these days, it can be pretty expensive. But beyond the usual headaches, car dealerships are facing an increase in challenges that go beyond negotiating prices and interest rates. The rise of fraudulent applicants, synthetic fraud, and…

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Elevating Candidate Identity Verification: Essential Steps for Employment Screening Providers

November 29, 2023

In today’s generative-AI landscape, where the specter of identity theft and fraud looms large, the importance of ensuring the authenticity of individuals has reached a critical juncture for businesses and organizations. Background screening companies, entrusted with the responsibility of conducting thorough checks on candidates for employment, play a pivotal role in upholding the integrity of…

image text: Digital Identity Defined

Digital Identities: What Are They and Why Do They Matter?

November 29, 2023

In the real world, proving your identity is pretty straightforward. When you show up in person to open a bank account, rent a car, book a hotel room, gamble at a casino or purchase alcohol, you present your government-issued ID, proof of address or whatever else might be required for the transaction, and the company…

AML Risk Assessments How & Why

AML Risk Assessments: Developing and Implementing a Plan for Your Organization

November 20, 2023

Anti-Money Laundering (AML) processes are designed to prevent illegal money transactions that  hide the source of funds earned from or funded for criminal activity. One of the best ways to improve your company’s security against these transactions is to develop a thorough risk assessment procedure. Although the law does not specifically require that you develop…

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Will the Online Dating Safety Act Put an End to Tinder Swindlers?

November 15, 2023

Ever hear of the Tinder Swindler? The Tinder Swindler is a Netflix documentary about lies, deceit and online dating. Shimon Hayut, aka the Tinder Swindler, is a convicted fraudster who used dating apps to meet women, then established lines of credit and loans in their names, ultimately leaving them holding the bills. Hayut assumed multiple…

image of woman in background holding smart device. Webull logo and Jumio logo. Text reads: bolstering trust, safety and financial inclusion with Jumio.

Webull Case Study: Bolstering trust, safety and financial inclusion with Jumio

November 13, 2023

Webull is a leading digital investment platform built on next-generation global infrastructure. Founded in 2016, Webull Corporation serves tens of millions of users from over 180 countries, providing retail investors 24/7 access to financial markets around the world. Users can put investment strategies to work by trading global stocks, ETFs, options and fractional shares through…

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‘Tis the Season for Travel Fraud: Protecting Your Customers During the Holidays and Beyond

November 09, 2023

After a massive decline during the COVID-19 pandemic, travel came soaring back in 2022. But while this rebound is good news for the travel industry, fraud has also been taking off. Criminals have realized that travelers provide a gold mine of value, both in the ease of stealing their identities (made easier because travelers must…

PEP Screening: Why it Matters and How to Optimize Your Process

November 08, 2023

When it comes to preventing money laundering and terrorist financing, financial institutions and large corporations have a crucial role to play. One important step in this process is screening politically exposed persons (PEPs) — individuals who hold a prominent public position or have close ties to such individuals — for potential risk. PEPs are considered…


KYC and AML Programs: How Do They Work Together?

November 07, 2023

When it comes to compliance, there are many different regulations for companies to navigate. Adding to the confusion is the various compliance terminology, such as AML and KYC, which are similar but can mean different things. AML or anti-money laundering refers to the steps that financial institutions and other firms must take to prevent criminals…

trust and safety sharing economy

Trust and Safety: The Linchpin to Sharing Economy Success

November 03, 2023

How safe do you need to feel in order to rent a room in a stranger’s home, or to trust someone you’ve never met to drive you home after a night out on the town? Companies who get trust and safety right are reaping the rewards — the sharing industry is expected to skyrocket to…

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Using Workflows to Prevent Identity Fraud in User Onboarding and Beyond

October 26, 2023

When implementing a fraud-prevention system, there are multiple approaches you can take. The most important step is to keep fraudsters off your platform in the first place. Using identity verification and authentication, you can ensure the person who’s onboarding or signing in to an existing account is who they say they are. But stopping identity…