From the team · Page 4
Risk & Compliance
A PEP match means you must confirm the person and classify them, not refuse them. Foreign PEPs always need senior management approval, source of wealth and funds, and enhanced monitoring; domestic PEPs need it only when your risk assessment says the relationship is higher risk.
Risk & Compliance
Most sanctions false positives come from thin customer data, not oversensitive matching. Screen with verified date of birth, nationality and ID numbers, record why each match was cleared so it does not return, and leave fuzzy matching alone.
Risk & Compliance
In June 2025 the FATF revised Recommendation 16: standard originator and beneficiary data above USD/EUR 1,000, a defined start to the payment chain and new checks against misdirected payments. Countries are expected to implement by the end of 2030.
Risk & Compliance
The Travel Rule requires the sending VASP to collect originator and beneficiary information, pass it to the receiving VASP immediately and securely, and make it available to authorities. The hard parts are finding the counterparty, handling self-hosted wallets and jurisdictions that disagree.
Risk & Compliance
The FATF's seventh targeted update, published 16 July 2026, finds most jurisdictions now have Travel Rule laws but few enforce them, and asks VASPs to strengthen wallet screening, unhosted-wallet due diligence and scrutiny of offshore platforms.
Risk & Compliance
On 19 June 2026 the FATF added Bosnia and Herzegovina and Iraq to its grey list and removed Algeria and Namibia. A grey listing is a risk factor to weigh, not an instruction to apply enhanced due diligence or to exit a market.
Identity Verification
People abandon verification at predictable moments: an unexplained start, the camera permission prompt, document capture, the desktop that has no camera, and being asked to redo everything after one failure. Measure abandonment per step, then fix the step, not the whole flow.
Product Updates
Ask for more than one ID when a single ID's weakness is exactly your risk, and choose IDs that come from independent sources. Then set the pass policy (all, at least two, or any one) by asking what you would accept if one check could not confirm.
Identity Verification
A reliable age check uses a date of birth established by an identity check (the government record, the document or its chip), compares it with a per-country limit, and fails closed when no date can be read. A typed birthday proves nothing, and a face gives an estimate with a margin of error.
Identity Verification
Where streets have no numbers, stop matching address strings. Capture a location (a map pin with the applicant's own directions and details), then corroborate it at the level of the area against independent records, and grade how strongly it is supported.
Identity Verification
A proof-of-address document shows that an address was printed on a document, often with a name, at a date. Give it the weight of corroborating evidence, not verification, and set rules for name, recency and document type that fit each market.
Identity Verification
Registration numbers are public, so anyone can type a real company's number. To know the applicant represents the business, verify who they are, check them against the officers the register names, and, where they are not named, ask for evidence of their authority.
