Author name: Shivam Agarwal

🗒️  Key Highlights Low-risk customers need basic identity and address verification. High-risk customers like PEPs require Enhanced Due Diligence with […]

🗒️  Key Highlights All states except Montana require money transmitter licenses for crypto businesses. FinCEN registration is federal and free

🗒️  Key Highlights Canada’s federal laws cover criminal code provisions and anti-money laundering requirements for gambling activities. On the other

🗒️  Key Highlights Skimming and card cloning aren’t the same. First is the method used to steal card data, while

🗒️  Key Highlights  All Financial Institutions, DNFBPs (like real estate brokers, precious metals dealers, and legal consultants), and Virtual Asset

🗒️ Key Highlights Domain verification can help you extract the Legal name, location, contact details, industry classification, and domain integrity

🗒️ Key Highlights ACH payments are overseen and administered by the non-profit organization known as the National Automated Clearing House

🗒️ Key Highlights Know Your Customer’s Customer goes beyond just verifying your direct customer (KYC) and looks at who they

🗒️  Key Highlights If a company’s lack of proper KYC leads to fraud or financial loss, customers can file lawsuits

🗒️  Key Highlights The core law is the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), but multiple