Betting on Trust: How Partnering with Aristotle Integrity Can Enhance Your Sports Betting Platform

The surge in online gambling participants in recent years suggests that the global sports betting industry is showing no signs of slowing down. The gambling and betting industry ranks among the world’s fastest-growing sectors according to the Online Gambling Global Market Report 2023. Its growth is propelled by the multitude of sports enthusiasts who enjoy […]

The Importance of Age Verification Solutions for Social Media

Two kids looking at a smart phone while their mother keeps an eye on them.

In today’s digital age, ensuring the safety of children online has become an increasingly complex issue that demands our attention. A survey conducted by Common Sense Media in 2020 revealed that children in the United States, ranging from infancy to eight years old, typically spend an average of two-and-a-half hours per day engaging with various […]

What Are the Documents Required for KYC?

People signing documents: What Are the Documents Required for KYC?

For banks, lenders, and other financial institutions, know-your-customer/know-your-client (KYC) compliance is essential. The United States, the United Kingdom (UK), the European Union (EU), and other global authorities have put strict KYC regulations in place in recent years. These rules are designed to combat money laundering, fraud, terrorism financing, and other illicit activities. All financial entities […]

The Key Differences Between KYC and AML

Finger print on paper: key differences between KYC and AML

Banks, lenders, and other financial institutions are subject to several different complex regulations. KYC (know-your-customer/know-your-client) rules and AML (anti-money laundering) rules are two of the most important regulations that financial entities must comply with. You may hear KYC and AML referred to together, but it is important to understand that these are two separate regulations. […]

What Is CFT and How Does It Work?

Person withdrawing money: What Is CFT and How Does It Work?

Over the last several decades, the global community has come together in an effort to stop terrorism. A large part of the focus has been on stopping and responding to the financing of terrorist activities. CFT regulations (Countering the Financing of Terrorism/Combating the Financing of Terrorism) are among the most powerful and effective tools that […]

ID Verification: What Is the AML Process in Banking?

View of several skyscraper banks from the outside looking in: AML in banking

In the U.S. alone, roughly $300 billion is laundered each year, and this represents about 15-38% of the money laundered globally. Money laundering is a growing issue and the amount of money that can move through a single laundering operation is significant. Because of this, security measures, such as AML, should be in place to […]

How Long Do AML Checks Take?

A wrist watch sitting on a table: how long do AML checks take?

Money laundering poses a major dilemma for businesses of all shapes and sizes. It is estimated that over $300 billion is laundered in the U.S. each year. While the regulations aimed at reducing financial fraud can seem quite complicated, there are electronic solutions available that reduce the burden on businesses by increasing reliability and reducing […]

Tackling Money Laundering in New Zealand: Phase 2 of New Zealand’s AML/CFT Laws

Countries all around the globe are putting stronger regulations in place to stop money laundering, financial fraud, terrorism funding, and other illicit activities. New Zealand is certainly no exception. The island nation of 5 million in the southwestern Pacific has some of the most comprehensive and well-developed financial regulations in the world. In recent years, […]

The Importance of KYC for Crypto Exchanges

Gold Bitcoin on a laptop: the importance of KYC for cryptocurrency exchanges.

The cryptocurrency market continues to grow. According to a report from Fortune Magazine, the total value of the global cryptocurrency market hit $2 trillion earlier this year. Cryptocurrency exchanges—the platforms on which you can buy, sell, and trade crypto—are becoming an ever more important part of global financial markets. There are many opportunities out there […]

KYC and Bitcoin: What You Need to Know

Bitcoins and U.S. dollar bills: KYC, bitcoin, and what you need to know.

Cryptocurrencies are an increasingly popular financial asset. According to data provided by CoinMarketCap, the total global value of cryptocurrency exceeds $1 trillion in June of 2022. While there are more than 15,000 cryptocurrencies, the most prominent digital currency—Bitcoin—still accounts for nearly half of the total value of global crypto-assets. Gone are the days when Bitcoin […]

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