KYC

Know Your Customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship.

Source: en.wikipedia.org

Lawsuits Show Crypto KYC Can Help Recover Losses
Lawsuits Show Crypto KYC Can Help Recover Losses
September 02, 2022  |  Cryptocurrency

One of the biggest issues virtually all crypto regulations seek to fix is the need to identify the parties in every transaction, which is difficult...

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DeFi Platforms Tighten AML to Court Institutional Investors
DeFi Platforms Tighten AML to Court Institutional Investors
August 18, 2022  |  Cryptocurrency

Despite its potentially huge returns, institutional investors have steered clear of decentralized finance. Get the Full Story Complete the form to unlock this article and...

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Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
Elliptic: Cross-Chain Payments Bridges Are DeFi’s Next Big AML Battleground
August 11, 2022  |  Cryptocurrency

In case you thought the biggest problem with cross-chain bridges used to make payments between blockchains was that they are fantastically vulnerable to hackers, with...

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Getting Crypto Payments Compliance Right Requires Deep Experience
Getting Crypto Payments Compliance Right Requires Deep Experience
August 10, 2022  |  Cryptocurrency

Welcome to “The Merchants Guide to Accepting Crypto: The Questions to Ask,” a new PYMNTS series aimed at helping merchants, big and small, online and...

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Binance’s Rebooted Compliance Team Looks to Burnish Bruised AML Reputation
Binance’s Rebooted Compliance Team Looks to Burnish Bruised AML Reputation
August 04, 2022  |  Cryptocurrency

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Synctera Launches Compliance Program Ground Control
Synctera Launches Compliance Program Ground Control
August 03, 2022  |  Innovation

FinTech platform Synctera has launched Ground Control, a banking and compliance program designed to help creators of financial products ensure they are meeting banking and...

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Compliance Complexities Hamper Growth at Fledgling FinTechs
Compliance Complexities Hamper Growth at Fledgling FinTechs
August 03, 2022  |  Security & Fraud

Eric Greenstein, product manager of compliance and fraud at Modern Treasury, told PYMNTS that the rules of anti-money laundering (AML) and the Bank Secrecy Act...

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Cashfree Payments Intros Real-Time Tax ID Verification Tool
Cashfree Payments Intros Real-Time Tax ID Verification Tool
July 28, 2022  |  Digital Identity

Payments and API banking solutions startup Cashfree Payments is introducing a tool businesses in India can use for the real-time verification of vendors’ and partners’...

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PYMNTS Intelligence: Fighting Fraud While Ensuring Money Mobility
PYMNTS Intelligence: Fighting Fraud While Ensuring Money Mobility
July 08, 2022  |  Disbursements

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