Identity Verification in the Art Market

Art has been a part of human history for thousands of years. From the first cave paintings to NFTs, as technology advances, so does the art and art market. Social media and online galleries have become a fantastic solution for artists to promote and sell their works. The online art world has become a place

Everything You Need to Know About The Metaverse

Metaverse has recently become a term that’s not only known for those who eagerly follow tech-related news but also for regular, everyday internet users. One of the reasons for the increase of its popularity was the recent announcement of the rebranding of the social media giant, Facebook Inc, and the change of its name to

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What is KYC Verification and Why Does it Matter?

Know Your Customer (KYC) verification – a part of the Customer Due Diligence (CDD) process – has become the gold standard in regulatory compliance. It’s not just the financial industry that requires this process. With potential fines and reputational loss at stake, businesses everywhere must be actively working on verifying their customers properly. This will

KYC Compliance – What Is It and How to Do It

Compliance with KYC regulations is a must for the financial industry but also for many other branches of business. KYC stands for Know Your Customer and it refers to the process of verifying the identity of potential customers. Effective KYC processes are the foundation of successful compliance or risk management programs. In recent years the

Credit Suisse and the consequences of bad customer due diligence

The high-profile scandal that shook the financial world continues. Credit Suisse, a financial firm in Switzerland, was accused, based on an international investigation by the German newspaper Süddeutsche Zeitung and Organized Crime and Corruption Reporting Project, of failing to apply due diligence procedures to its clients, amongst who were corrupt politicians, drug dealers, and criminals.

Benefits of using a video KYC service

In times of global digitization, identity verification is essential. A Video KYC service can be one of the main parts of customer onboarding. By using a service like that, institutions that require customer verification can maintain higher security, and their customers are guided through the entire process thus committing fewer errors that can occur during

COVID-19 Tests With Video Observation

The global outbreak of the COVID-19 in the beginning of 2020, has caused a major disruption in the way the world works. The way customers join, operate and use platforms and services has undergone a massive transformation due to numerous lockdowns, which resulted in a growing number of online users and customers worldwide. Handling finances

Why Do We Need Customer Due Diligence?

Growing strictness of compliance regulations means that companies must improve their customer onboarding processes. That’s why, when running a company related to finance, it is worth having a documented CDD procedure in place. Customer Due Diligence allows checking what kind of customer we can deal with and allows you to control their activity within our

2021 KYC AND AML Regulations Roundup

As 2021 comes to an end, let’s look back at what changes this year brought when it comes to AML and KYC regulations, rules, and policies around the world.  It is safe to say that the year following 2020 – the time marked by the impact of the Covid-19 pandemic –  has been all about

KYC for Crypto Exchanges

The increasing popularity of buying and trading cryptocurrencies worldwide has naturally caused a major growth in popularity of crypto exchanges. Binance, Kraken or eToro are names that ring a bell to anyone who decided to invest in crypto over the past few years. But, with the popularity of crypto trading, some questions started to arise.

Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.

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