Author name: Saurin Parikh

🗒️  Key Highlights As per PubMed central, nearly 32% of college students admit to possessing fake IDs, creating significant liability […]

🗒️  Key Highlights FinCEN’s new rules have led to the addition of a new “Risk-Based” pillar in Anti-money laundering. An

🗒️  Key Highlights Fake or temporary emails are often used for fraudulent activities. Without proper verification, you could unknowingly allow

🗒️  Key Highlights U.S. banks face an estimated two million mule accounts across approximately 657 million bank accounts. Money muling

🗒️  Key Highlights As revealed in the Stolen Asset Recovery Initiative, anonymous companies were involved in hiding the proceeds of

🗒️  Key Highlights Global financial institutions have paid over $10 billion in KYC-related fines recently, with some individual fines topping

The global biometrics market was valued at $39 billion in 2023 and is estimated to reach $144 billion by 2032,

Online transactions have been growing in recent years. According to a Forbes article, 53% of Americans prefer using digital wallets

🗒️  Key Highlights Document verification checks the authenticity of identity documents like passports, licenses, and certificates. The process uses OCR,

Identity verification processes have grown as the years have progressed. We have gone from basic passwords to two-factor authentication of