When it comes to money laundering, criminals are particularly resourceful, refining their techniques to make them increasingly complex and hard to detect. Smurfing (meaning breaking up a large amount of money into smaller sums) is one of these ingenious fraudulent operations. And it excels at flying under the radar, rarely triggering alerts for suspicious transactions. […]
Businesses aiming to combat money laundering and terrorist financing must adhere to regulatory requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. Enhanced Due Diligence (EDD) serves as an advanced level of scrutiny beyond standard due diligence, particularly in higher-risk scenarios where standard measures may fall short. As a business owner navigating complex […]
Have you ever heard of the term “politically exposed persons” (PEPs)? These are individuals who hold significant roles in government or government-related organizations. But what exactly does this mean, and why should we care? Well – they have access to a lot of power and money, which can sometimes attract the wrong kind of attention, […]
Thanks to the rapid development and dissemination of generative AI tools, deepfakes have gone from being a curiosity and entertaining gimmick to being a real problem — especially in the field of identity verification. While in the past, creating a deepfake required expertise in data science and photo (or video) manipulation techniques, today anyone can […]
Incode converts good users and stops the bad with the technology and performance to back it up Walking the line isn’t just for Johnny Cash. When it comes to compliance, it’s also the most cost-effective way. Circumvented identity processes rolled out the red carpet for $38 billion in attempted and actual fraudulent activity at banks […]
Though it contains the same basic information as a standard passport, the biometric passport (or e-passport) goes much further, representing a more advanced form of identification. Thanks to an integrated RFID chip, it can hold much more information while delivering optimal levels of security and privacy. Convenient and reliable, these newer-generation documents provide an efficient […]
Credit card fraud has been an increasingly prevalent issue. In fact, the U.S. Federal Trade Commission (FTC) has classified it as the most common form of identity theft in the country. Even the most vigilant credit and debit card bearers can have their information stolen and their cards used to make unauthorized purchases or get […]
When it comes to identity verification and authentication solutions, having proof of your physical address can play a pivotal role in ensuring the security of digital transactions. Whether it’s verifying the identity of customers during online purchases or authenticating users accessing sensitive information on digital platforms, proofs of address serve as a cornerstone of trust. […]
On the first day of RSA Conference 2024, Incode proudly unveiled its latest cybersecurity solution, Incode Workforce, capturing the attention of industry leaders and cybersecurity experts. This innovative product stands out for its robust approach to combating identity-based fraud and streamlining user authentication across corporate environments. Addressing the Growing Challenge of Identity-Based Fraud With an […]
What is Enhanced Due Diligence (EDD) & Why is it Important? Businesses aiming to combat money laundering and terrorist financing must adhere to regulatory requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. Enhanced Due Diligence (EDD) serves as an advanced level of scrutiny beyond standard due diligence, particularly in higher-risk scenarios where […]
You can’t believe what you’re seeing? Well, you probably shouldn’t. Even a video of someone is no longer guaranteed to be real, as “synthetic media” with malicious intent now abounds on the Internet. These deepfakes portray celebrities, politicians, and influential people in eerily credible media content, leveraging their authority… but they hardly stop there. What […]
As e-commerce continues to grow, with a monthly average of $663 billion spent on retail in the first half of 2023 and 13.8% coming from online sales in the US, the need for seamless transaction processes becomes increasingly vital. Despite the convenience and time-saving benefits that attract 67% of consumers to shop online, Mexican businesses […]
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