Category Archives: know your customer (KYC)

iGaming Market in Ontario Regulations with Photo ID Verification

In late June, the Ontario Lottery and Gaming Corporation (OLG) announced implementing Photo ID verification. This has been in response to changes made by the federal government to allow online casino gaming in Canada with player age verification and anti-money laundering measures in place. This new regulation affects all of Canada’s iGaming market, but it

Payments Risk Management at your Service

You’ve probably heard about online payment scams and schemes, but have you ever wondered just how widespread they are? According to recent research, payment fraud affects one out of every 67 transactions, and the rate of growth in these crimes has been increasing over the past years. The fact is payment processing is the lifeline

Compliance and Disclosure from a KYC/AML Perspective

Advances in technology have made it easier than ever to transfer money between people and organizations. Unfortunately, they’ve also made it easier than ever to transfer illicit funds illegally around the world. To prevent this from happening, banks and other financial institutions institute compliance programs that make sure they know their customers —that is, they