KYC for the iGaming Sector
Know Your Customer (KYC) compliance programs are a regulatory requirement in the iGaming industry to safeguard against risk. Fake user profiles and the illicit laundering of
Why KYC is Important in Online Gambling
Know Your Customer, commonly known as KYC, is a set of checks that verify customers to guard against financial crime. KYC is a regulatory requirement in
Are you planning an ICO? If the answer is ‘yes’ or ‘soon…’
… you might want to know what QGEN is at when it comes to KYC services in the crypto and blockchain space.
Why should an ICO carry out KYC checks?
In 2018 we are experiencing a tremendous increase in ICOs, whereby a number of crypto currencies are sold in the form of what is commonly referred to as tokens. Although in the crypto space the phrase ‘know your customer’ seems insignificant or of little importance, some jurisdictions are already asking for KYC checks or are in the process of launching regulations which will set KYC checks as mandatory.
Who is Investing in your business?
Why is it important to know who is throwing money at your venture? The serious ICOs vs the shady ones. ICOs (initial coin offering) have become great ways to raise cash and to support fantastic ideas; it is true, other no so great ones, have also benefited from what some people may want to label as a frenzy to throw money at “blockchain stuff”.
KYC and KYB Managed Services
QGEN can be your compliance concierge partner from planning right through to execution. What does it really mean ‘to outsource your KYC/KYB and have it offered as a managed service…’? It should mean that you have undergone a rationalised thought process where your conclusion is “I NEED THE BEST HELP I CAN HAVE FOR MY BUSINESS”.
The mind of Fraudster
Audit your processes before it is too late; you might be over exposed. Blink!!….still there? If the answer is no, well that is how usually Fraud works. Fraud has to do with chances and weaknesses in controls to reflect the true state of something….there are a huge number and types of frauds, with unfortunately internal being the one that hits you the hardest, as it questions the trust you would have placed in your own people…
Are AML (Anti Money Laundering) and CFT (Combating the Financing of Terrorism) a thing of the past decade?
The answer is a straight NO. In this blog post we take a brief look at the history of AML. “Behind every great fortune is a
QGEN is officially a National Winner
QGEN is the National Winner for Malta in the The Customer and Market Engagement Award category at this year’s EBAs. QGEN has made it to the final stage of the European
Administrative sanctions
The increase of regulatory scrutiny in relation to Anti-Money Laundering (AML) and the Counter Funding of Terrorism (CFT) has raised challenges to those industries subjected to such regulations. The importance of implementing and maintaining a resilient compliance and anti-money laundering programme and an internal business risk assessment is a crucial aspect in determining the success of an operation. Non-compliance may pose detrimental and irreparable damage to an organisation’s reputation; and this can in turn lead to very costly repair-work.
In-house or Outsourced – the million dollar question
The two sides of the coin – perception vs. reality. Outsourcing your compliance function is not an easy decision to take at all! Traditionally many have perceived outsourcing as losing control or a last resort measure. Fear of not knowing what is going on or of experiencing potential data breaches were always at the back of one’s mind when deciding whether to outsource KYC and KYB checks.
Start-Ups and Rapid Growth
Investing in the necessary evil. It is so difficult to start; the world is full of great businesses being put on pedestals as great tokens of success. Apple’s cool gadgets making billions and gazillions….Facebook’s ability to inform and misguide the world with “friends updates” and some rather trendy “fake news”. Google’s super algorithms than can do anything and find whatever you want, subject to being bombarded with marketing, spam and having your life read and interpreted for marketing purposes (did we say you have to accept cookies to read this?).