Use Cases

7 min read Apr 10, 2023

2022's Largest AML Fines

Learn about some big AML fines of 2022 and inspect those violations that led to severe financial consequences.

Use Cases

5 min read Mar 18, 2023

Streamlining Your IIN Verification Process in Kazakhstan: Tips and Tricks

Tips to simplify the IIN verification process in Kazakhstan.

Legal & Compliance

4 min read Mar 2, 2023

What is a CPF? Exploring the CPF Check for Brazil's Market

Explore the CPF check for the Bazilian market as a tool for identity verification and compliance.

Legal & Compliance

5 min read Feb 16, 2023

Navigating the Future of KYC: What to Expect in 2023

As the world moves further into the digital age, the need to protect customer identity online is becoming increasingly important. Financial organizations, in particular, must be able to identify and verify customers for compliance with anti-money laundering and know-your-customer (KYC) regulations. With developments in digital identity, blockchain technology, and artificial

Legal & Compliance

4 min read Jan 26, 2023

Compliance Solutions for NFT Marketplaces: The Role and Options

Learn about regulatory challenges NFT marketplaces face and solutions that can radically streamline and facilitate their AML/KYC compliance-related routine

Legal & Compliance

4 min read Jan 3, 2023

KYC & AML Compliance in the USA

Today it's already a common practice for financial systems to use tools for clients' verification to prevent fraud and fight money laundering. The conditions of the current state of the banking system involve the absence of operations anonymity, financial organizations fighting for transaction transparency, moreover, it'

Use Cases

5 min read Dec 12, 2022

Business-to-Business Payments: The Rapid Evolution of a Business Acceleration Tool

Most popular approaches and prospects for B2B payments today.

Kycaid platform

2 min read Dec 7, 2022

KYCAID Earns Compliance Management Software Recognition From a One of the Leading B2B Review Platform

KYCAID has earned a top rating from a leading software review platform—a distinction that provides further evidence of its position as a leading software to businesses worldwide. FinancesOnline has recognized our product with the Top 50 Compliance Management Software and Rising Star Award. This award celebrates our rapid growth

Fraud Prevention

5 min read Nov 3, 2022

5 Tips on Picking the Best KYC Compliance Management Software to Fit Your Business Needs

Money laundering is a serious global issue, and KYC compliance management is critical to the fight against it. The right software can make all the difference in your business' compliance management program. A growing number of businesses worldwide are implementing Know-Your-Customer (KYC) compliance management software in their business models—

Guide

3 min read Oct 19, 2022

GUIDE: AML compliance for Marijuana-related businesses

When getting into business relations with the Cannabis business industry one must correctly identify whether the business or the beneficial owner is considered to be a high-risk one. Depending on whether the business is producing cannabis products or touches upon the support of producers - the risk level varies. Marijuana-related

Guide

2 min read Oct 4, 2022

GUIDE: KYC for the Adult Industry

Adult websites require special attention to user access and, specifically, the age verification process. Learn more on how Kycaid manages these kinds of verifications.

Fraud Prevention

3 min read Aug 24, 2022

Arbitrage Betting: Does It Harm Betting Businesses and What Is the Role of KYC in Detecting Arbers?

Arbitrage betting is an undesired occurrence for many bookmakers. Discover how KYC can help identify arbers while keeping your business secure and your customers – satisfied.

Legal & Compliance

4 min read Aug 10, 2022

Regulatory Specifics in Regions with High AML Risks

Some regions pose particular threats of illegal financial activities. To secure your business, learn which regulations are adopted in AML high-risk countries and how to mitigate the potential hazards.

Legal & Compliance

4 min read Aug 3, 2022

Online Identity Verification is a Shield to the Cryptocurrency Future

Regulatory compliance is a severe challenge in the crypto world. Explore how KYC procedures can expand the adoption of blockchain by delivering safety and preserving user privacy.

Kycaid platform

3 min read Jul 1, 2022

Kycaid Obtains Compliance Management Software Accolade From A-list B2B Platform

Recently, Kycaid’s compliance management software gained due industry recognition with an award from an A-list B2B directory. CompareCamp, one of the current A-listers in the software marketplace category, bestowed Kycaid with a Rising Star Award, recognizing our product’s widening user base and increasing fame. This award is the

Legal & Compliance

5 min read Jun 8, 2022

5 Reasons Why Identity Verification Solutions Should Be a New Standard for Every Serious Business Venture

Digitalization brings new challenges and risks to businesses and consumers. By making data more accessible than ever, cybercrimes such as data breaches, identity theft, and fraud are more rampant than ever. You need to invest in the right tools to protect your company and customers from potential threats and attacks

Fraud Prevention

4 min read Jun 2, 2022

Multi-Accounting: is your business at risk?

Multi-accounting is a number of accounts on one site (a social network, a special online service, and so on) that are managed by one person. It is used in completely different areas — for working with social networks, online shops, bets, and token sales. Users create dozens of accounts and, accordingly,

Technologies

3 min read May 27, 2022

How NFC Technology Might Be Applied for Verifying Customers

The technology of NFC is becoming more common today and this is just a matter of time before everyone starts applying it for the identity verification procedures. Will it be efficiently applied, and what benefits such NFC-based technologies might potentially bring to your enterprise? Keep reading to figure this out.

Legal & Compliance

4 min read May 4, 2022

Combating Fraud in The Field Of Finance

The problems of ensuring the economic security of any state are increasingly attracting the attention of the authorities, the public, and the scientific community. Economic security is a complex category reflecting all levels of public life. A high level of financial safety can be achieved only if effective methods of

Use Cases

4 min read Apr 26, 2022

The identity verification process for sports betting and online gambling

The identity verification process for sports betting and online gambling. Why does ID verification matter for sports betting and online gambling?

Technologies

5 min read Apr 18, 2022

An Insider’s Look at RegTech

Many who are knowledgeable about Know-Your-Customer (KYC) and Anti-Money Laundering (AML) come from a financial institution background. They have a keen awareness of the challenges in maintaining high standards of compliance. These requirements apply not only to banks but also to companies and platforms that partner with credit unions and

Legal & Compliance

4 min read Apr 14, 2022

What do you need to know about sanctions and how to avoid risks

The tense international situation provoked the introduction of new sanctions restrictions. A natural question that arises for every entrepreneur is how to find alternative solutions. How can they continue working given the current situation? To answer these questions, it will be necessary to consider several important innovations that will help

Fraud Prevention

5 min read Apr 12, 2022

What is money laundering and how do you protect your assets?

Money laundering is a problem that will not lose its relevance in 2022. Financial transactions involve "money mules". These are people who receive money from a third party into their own account and transfer it to another person or company. Transactions are usually done online. However, it is

Kycaid platform

5 min read Apr 10, 2022

Why is classic KYC not enough to meet all business needs?

Protecting the business from risks and rash steps is what the head of every large company thinks about. Cooperation with unproven brands or clients can not only ruin the reputation but also cause irreparable damage. That’s why many people use the KYC principle ("know your customer"), which

Fraud Prevention

3 min read Apr 8, 2022

Digital fraud trends 2021

Overview According to the US consumer credit agency TransUnion, the number of cases of digital data fraud increased by as much as 800% in 2021. Recently, an expanded annual report of the company on such abuses was published. It says that the fastest growing type of digital fraud is a