· One min read

In case you hadn’t heard yet, it’s not too late to get a ticket to our biggest industry event, AML Summit, which kicks off tomorrow at the Auckland War Memorial Museum conference venue. This is the 6th year the event has run and it always delivers the brightest thought leaders in the industry and showcases many services and solutions you may or may not be familiar with yet. This year’s theme is “The Complexities of Day-to-Day AML” - don’t we all know that one too well.

· 5 min read

Violating the Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) Act 2009 regulations has devastating repercussions for any financial service and related industries.

These include punitive fines of $2 million to $200 million, criminal trials, legal sanctions, tarnished brand reputations, and losses in client and investor trust and relationships.

If you think your manual identity validation workflows can rigidly follow the AML/CFT directives and evade the penalties just fine, think again.

· 6 min read

Image: Pexels

Countless industries are now moving their customer identity verification processes online instead of the traditional, face-to-face method.

This doesn’t come as a surprise considering the convenience, dependability, and level of security online identity verification brings.

If you’re looking to upgrade your customer authentication workflows by moving them online, then this guide is for you. This post covers the nitty-gritty of how identity verification processes work online, so you’ll have a better grasp of the concept.