Banks and other financial institutions are the gatekeepers of the financial system and hold a high level of responsibility to prevent financial crime. They have worked hard to establish ...

While the U.S. Bank Secrecy Act (BSA) of 1970 marked a pivotal moment in KYC's (Know Your Customer) regulatory history, it is essential to acknowledge that similar legislative efforts were underway ...

APIs provide rapid and scalable applications for banking, payments, and other businesses that require identity verification for AML and KYC compliance. In most countries, some firms are obliged by law ...

KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to ...

KYC means "know your customer." It refers to a financial institution’s obligation to carry out certain identity and background checks on its clients before allowing them to use its product or platform ...

Fake banking apps and phishing links drive a surge in KYC fraud targeting digital banking users across the country.(Pixabay) As digital banking gains popularity in the country, a parallel rise in ...