April 26, 2023
What is PSD3 and why should we (very) take it into account?
The Payment Services Directive 3 (PSD3) is a European legislation that seeks to regulate payment services and improve consumer protection in the field of electronic financial transactions. This directive is the evolution of PSD2 and brings with it new requirements and responsibilities for both payment service providers and end users. What is the goal of […]
October 5, 2022
What is a compliance tool?
Legal compliance is a challenge for any company and industry. It is an ongoing task, which cannot be done once and forgotten. The world advances, and with it, regulations and threats; so your company has to adapt to changes. This is where compliance tools come into play. Let’s review this term. Compliance tool: what does […]
March 11, 2022
Imperatives for KYC Due Diligence in EU
A few days ago, the OCCRP made a shattering revelation that over 18000 accounts maintained by European banking giant Credit Suisse were linked to criminals, sanctioned individuals and those accused of bribery, corruption, money laundering among other financial crimes! In the recent past, several other leading European banks have been fined by the EU Regulators, […]
January 26, 2022
What is the eIDAS Regulation?
The eIDAS is a regulation that establishes a common standard for electronic identification and authentication systems among the Member States of the European Union. Let’s delve deeper in this article. eIDAS definition The European electronic identity recognition system, better known as eIDAS (which stands for electronic IDentification, Authentication and trust Services) is a European regulatory […]
January 20, 2022
Are CDD and KYC the same?
Money laundering moves billions a year. Companies and governments incur millions in losses because of this activity. The Customer Due Diligence (CDD) and Know Your Customer (KYC) and processes help mitigate its effects. Although KYC and CDD have many similarities, they do not refer to the same process. In this article, we will discuss the […]
October 28, 2021
Identity verification in the gambling industry
Identity verification is very important in the online gaming industry, a world full of fraud.
August 23, 2021
What is digital identity and why is it so important?
Lately there is a lot of talk about “digital identity”, but do you know what’s behind it? Do you know why it is important? The statistics of the World Bank indicate that approximately 1.1 billion people around the world cannot prove who they are because they have no established legal identity, either online or offline. […]
August 2, 2021
KYC for dummies I: Do you know your customer?
You’ve heard a lot about the “Know Your Customer” regulation, but is it clear? We bring you the key points to understand KYC from scratch. ???? Disclaimer: The questions covered in this post can be read separately. You don’t have to read the entire document to find out ???? ???? Soon there will be second […]