Anti-money laundering (AML) requirements vary across the globe. They are strongly characterized by specific legislation in various countries and can differ by industry and time period as well. It’s a dynamic environment that may require solutions of different complexity levels. For example: A cryptocurrency startup in California may need a simple, entry-level solution to support…
Think about all the different ways you’re asked to prove that you are really you. Sometimes, you’re asked to provide an email address, phone number or some type of biometric just to create a new online account. It seems like every website and app has its own unique formula for establishing a user’s true digital…
Airlines have been hit particularly hard by the COVID-19 pandemic, with an unprecedented 60% global decline in total passengers in 2020 and lost revenue totaling approximately $371 billion, according to International Civil Aviation Organization analysis. Given the positive economic impact of vaccination programs and an expected recovery of the economy in the second half of…
Anti-money laundering (AML) refers to the laws, regulations and processes that businesses must comply with to help stop financial crime. Criminals use money laundering to attempt to hide illicit funds such as income from drug dealing, human trafficking and terrorist financing. Businesses that move money must comply with AML regulations by having an effective AML…
“We’re not a financial institution.” “Our sponsor bank takes care of that.” “We’re fine using spreadsheets for now.” “Isn’t AML just for banks?” These are common lines of reasoning people have for scrolling past the anti-money laundering articles. But AML regulations are becoming broader in terms of markets covered and stricter in obligations all the…
The worlds of identity verification, compliance and fraud detection are increasingly intertwined. This is why so many online organizations need to rely on myriad solutions that must be stitched together to help ensure the user experience isn’t too disjointed, time-consuming or onerous. We surveyed dozens of our customers and asked them to walk us through…
This past week, Jumio formally announced the regional winners of the Partner of the Year Awards. Jumio has built robust channel programs designed to foster a network of business partners that deliver comprehensive, high-quality identity verification, onboarding and compliance services around the world. “The year’s award winners include strategic partners that have gone above and…
COVID-19 continues to have a massive impact on higher education. After an initial rush to remote learning in the early days of the pandemic and a tumultuous fall semester, schools are taking different approaches to instruction this spring, with nearly 40% of U.S. colleges and universities teaching primarily online and more than a quarter offering…
Maybe you’re a new fintech who has been told you need a transaction monitoring, anti-money laundering (AML) solution. Or you’re a traditional bank with an outdated legacy system and have been told you need to innovate your compliance program in order to save costs and reduce risk. How do you go about finding a solution?…
Providers of social and online gaming have a busy year ahead if they want to ensure geographic jurisdiction and age verification rules requirements are met in Europe’s main markets. Some important changes are coming into law in 2021 that affect how online casinos and gaming sites should manage their Know Your Customer (KYC) and age…