Tag Archives: anti-money laundering
Are KYC, AML and other regulations coming to the NFT market?
Incoming regulations could be coming for the $2.5B NFT market Non-fungible tokens (NFTs) make up a $2.5 billion market and growing, up from $13.7 million in the first half of 2020.¹ Many of the leading NFT platforms, including OpenSea, Axie Infinity, CryptoPunks and Rarible have seen record volume in the last few weeks. OpenSea’s transaction volume […]Continue Reading
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KYC/AML compliance as a competitive advantage for financial institutions
KYC/AML compliance shortcomings and opportunities By Vanessa Malone In the last few months, major cracks have been revealed in the current Know Your Customer “KYC” and anti-money laundering “AML” compliance landscape for financial institutions. In May 2020, a leaked bulletin prepared by the U.S. Federal Bureau of Investigation reported that bad actors are likely using […]Continue Reading
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Horizon product update: APIs added to further streamline KYC/AML compliance checks
Horizon’s esteemed team of software engineers are continually working to enhance our next generation compliance solutions. We are happy to announce new APIs added to KYCware and AMLcop to further streamline onboarding, identify verification and AML screening for our existing and future clients. Existing clients can review the code on our developer portal here and […]Continue Reading
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The importance of Know Your Customer (KYC) for securities offerings
What you need to know about KYC and how to keep your securities offering compliant and competitive in 2020 By Vanessa Malone The exempt securities offering market is on the rise. In 2019, 69.2% of all new capital raised was through an exempt securities offering. With the SEC’s newly proposed set of amendments to harmonize common […]Continue Reading
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What is Anti-Money Laundering (AML)?
What is anti-money laundering “AML” and how can you stay compliant in 2020?( By Vanessa Malone What is anti-money laundering, or AML? Anti-money laundering refers to a set of rules and regulations financial institutions must adhere to in order to help detect and prevent money laundering, fraud, and terrorist financing. The legislative framework these rules come from […]Continue Reading
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Increasing KYC/AML compliance without sacrificing user experience
By Vanessa Malone In today’s digital world, users have come to expect high-tech, high-touch interfaces, personalized experiences, security, and transparency. We see this demand across social media platforms, online shopping, banking, investing — almost every aspect of our everyday activities are becoming increasingly digitized. On one side, this is great. With new technology comes new and creative […]Continue Reading
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What anti-money laundering software looks like on the blockchain
By Vanessa Malone Money laundering has reached a new level of sophistication in today’s digital age, with criminals finding new ways to utilize the internet and conceal the origin of illegally obtained funds every day. The blockchain introduced a new anti-money laundering (AML) hurdle — the ability to make transactions to anyone in the world anonymously. With […]Continue Reading
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The Ethereum-based KYC/AML investor onboarding app you’ve been looking for
By Vanessa Malone Yesterday, Horizon announced the formal launch of KYCware, an advanced KYC software solution built on the Ethereum blockchain to streamline the investor onboarding and identity verification process globally. While Know Your Customer (KYC) and Anti-Money Laundering (AML) processes already play an integral role in client onboarding for financial intermediaries, they are becoming an […]Continue Reading
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