Topic
Know Your Customer
158 published works
Thomson Reuters Law Blog
Overview: KYC and AML
Highlights Financial institutions face billions in fines for inadequate KYC and AML compliance programs. KYC verifies customer identities while AML prevents money laundering through transaction monitoring. Effective programs require risk-based…
Shufti Pro Blog
Proof of Address Verification in 2025: Complete Guide to Compliance, Risk & Shufti Insights
By Richard M.
1. 2025 Snapshot: Why Proof of Address Matters More Than Ever In 2025, proof of address (PoA) has become a linchpin of every Know Your Customer (KYC) programme. Global fraud…
Shufti Pro Blog
Choosing the Right Approach: Document versus Non-Document Verification
By BECKY P.
In the fast-paced fintech landscape, identity verification is more than a regulatory checkbox — it’s a cornerstone of customer trust, fraud prevention, and seamless onboarding. It’s the difference between quickly…
Shufti Pro Blog
Beyond Speed: Securing Fintech Expansion with Smarter Identity Verification
By Edward Lilly
The banking industry is facing a fundamental restructuring that will change how people interact with their finances for years to come. Between 2019 and 2023, fintechs doubled their market capitalization…
Shufti Pro Blog
KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions
By Richard M.
In the ever-evolving landscape of finance, having a solid defence against financial crime is crucial. This is where a robust Know Your Customer (KYC) process comes to the rescue, combating…
Shufti Pro Blog
Video KYC in 2025: What It Is, How It Works & Why It Matters
By BECKY P.
Introduction Lockdowns pushed remote onboarding from nicety to necessity, turning video KYC into a mainstream compliance channel. The market, valued at US $0.29 billion in 2024, is projected to top…
Shufti Pro Blog
KYC | How to perform KYC verification in three simple steps
By Richard M.
Shufti Pro Blog
KYC Verification Process – 3 Steps to Know Your Customer Compliance
By Richard M.
Since the turn of the century, we’ve been propelled into a technological revolution. As digital interactions grow, so do risks of identity fraud, money laundering, and other financial crimes. As…
Shufti Pro Blog
Fighting Financial Crime: Why KYC and AML Compliance Is Essential for the Global Finance Sector
By Richard M.
Banks and other financial institutions are often the first line of defense against financial crime, but they are often prime targets as well. Whether it’s due to negligence or design,…
Shufti Pro Blog
KYC Verification: 3 Steps to Know Your Customer Compliance
By BECKY P.
Since the turn of the century, we’ve been propelled into a technological revolution. As digital interactions grow, so do risks of identity fraud, money laundering, and other financial crimes. As…