Regulatory compliance is the process of following (or complying) with laws, regulations, standards, and other rules set forth by governments. Adhering to these laws is extremely crucial for businesses to avoid legal issues and create a trustworthy business environment. Key regulations impacting various industries include GDPR for data protection, SOX for financial reporting, and HIPAA […]
To identify customers, businesses use Know Your Customer (KYC) verification. In both the financial services industry and other specific industries, this is a crucial step in protecting customers. By verifying a customer’s identity through KYC documents, companies ensure they are dealing with legitimate clients and comply with regulatory requirements. When implemented, KYC practices help build […]
If your business is looking to take a step toward safety and comply with regulatory laws, understanding and implementing document verification is essential. Document verification is the process used to ensure that any document submitted by your customers is authentic and has not been tampered with. This is a crucial step in onboarding new customers […]
Money laundering is a major challenge for global financial integrity, as it enables criminals to hide the source of illegal funds through complex financial actions. Understanding the money laundering stages is crucial for institutions and regulators to combat financial crime and maintain system integrity. This knowledge aids in identifying illicit activities and ensuring compliance with […]
Payment Fraud: What is It & How to Prevent it? Payment fraud refers to illicit activities where unauthorized transactions are conducted using stolen financial information, posing significant risks to businesses and consumers alike. Even with proactive measures in place, businesses may still fall victim to payment fraud. Understanding the various types of fraud and their […]
Customer identity verification is a critical process that enables businesses to authenticate the identity of their customers, thereby protecting against fraud and adhering to legal requirements. This process is vital for maintaining security and trust in digital transactions. Due to the rise in online transactions and the increasing sophistication of cyber threats, this is more […]
Identity fraud is the use of stolen information to commit crimes, such as making unauthorized purchases, opening fraudulent accounts, or obtaining loans. In this blog, we will explore examples of both, how you could be at risk, and the steps you can take to protect yourself. What is Identity Fraud? Identity fraud is using another […]
The ability to immediately receive alcohol, tobacco and, to a lesser degree, marijuana products at your home, is a niche but growing segment of the delivery industry. Yet, the ease of ordering belies a morass of complicated state regulations when it comes to who can use and purchase products that can carry conflicting age limits. […]
We’re thrilled to share some fantastic news – MetaMap is now part of the Incode family! This exciting development is more than just a business move; it’s a significant step forward in our mission to lead the future of identity verification and build a smarter, larger trust network. Why This Matters As AI-fueled fraud gains […]
In today’s increasingly digital world, children and teens regularly access the internet to connect with their friends, make purchases, find information, and simply have fun. But while digitization brings many benefits, it also brings risk: That age-restricted goods, content, or services could fall into the hands of users who are too young for them. This […]
Age verification, as a concept, is nothing new. Federal and state governments have long required businesses selling certain age-restricted products, services, and content to verify a person’s age in order to prevent children and teens from accessing things they legally are not allowed to access. The process for doing so at brick-and-mortar retailers has long […]
The world of finance is attractive to those with a criminal mindset. The potential gains are significant enough to motivate the use of unlawful techniques ranging from simple tax evasion all the way to money laundering and cybercrime. Structuring—a money laundering practice—is one such tactic, and has been gaining traction in recent years. Along with […]
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