For start-up companies still in their early stages, compliance can be one of the most frustrating tasks to accomplish — especially when growing a customer base and planning for global expansion.
For start-up companies still in their early stages, compliance can be one of the most frustrating tasks to accomplish — especially when growing a customer base and planning for global expansion.
A risk-based approach to AML is defined by the Financial Action Task Force (FATF) as the identification, assessment, and understanding of money laundering and terrorist financing risk exposure by countries, competent.
Shifting markets and the rise of the global Covid-19 pandemic pushed the payments industry to evolve. With cash payments falling to the wayside, mobile money transactions and other contactless payments surged forward..
4th May 2022 A new law will require cryptocurrency firms and exchanges to keep Know Your Customer (KYC) information and financial transactions for all of their clients for five years. This decision is seen as a positive.