The covid pandemic has hit many aspects of our lives including our workplace. A lot of people have lost their jobs, their companies, and their livelihoods. But after many lockdowns, the economy has improved and the job market is once again flooded with offers of employment. Unfortunately, scammers have also found a way to prey
The Secretary of State for Health and Social Care in the United Kingdom, Sajid Javid, has proposed a new solution for vaccinated travelers making their way back to the UK. It would require travelers to be filmed during the process of taking a lateral flow swab COVID-19 test. So far, travelers returning to the UK
The form of work outside the workplace was implemented at the end of the last century, then it was a response to the rapidly growing number of employees in the developing telemarketing industry. Remote work turned out to be a success, both employees and employers were fond of it. The savings in time and money
The year 2020 undeniably stands out from other recent years. It was hugely affected by the coronavirus pandemic that turned the whole world upside down, affecting also the cyberspace. The need to limit direct contact, remote work and learning have led to the transfer of a large part of our everyday life into the virtual
We don’t think much about our identity. It is something that we take as a given. We start to think about it more only when it is threatened. Then we start to wonder what our identity is and how easy it is to steal someone’s life. So what is identity theft? It occurs when someone
2020 will be associated with the time of the pandemic. It was a year of challenges and changes in our lives. Lockdown has shut down many companies and forced the acceleration of digital transformation, which could have positive effects on many businesses over time. According to a statement from Microsoft, in two months they saw
More and more banks make it possible to open an account without the need to visit a branch or without direct contact with the courier. All you need is a scan of your ID card, your own face and the account can be opened.
New Reality Protecting public health has become a matter of the utmost importance in connection with the spread of coronavirus. All sectors of the economy are suffering the effects of restrictions imposed by the government, prohibiting movement, and closing many retail outlets. Financial institutions, in particular banks, found themselves in an unprecedented situation. Even though
According to “Account Opening and Onboarding Benchmarking Study” by Digital Banking Report “at some banks customers abandon up to 90% of new account applications prior to their completion”.
What is the relation of AML to KYC? 4 steps of KYC compliance 1. Identifying the customer and verifying their true identity.2. Assessing customer risk.3. Identifying the beneficial owner and taking measures to verify that person’s identity.4. Ongoing monitoring and record keeping. Customer Due Diligence Risk-based approachWhat is the difference between SCDD and ECDD?Simplified CDD