BASIS ID

Businesses these days need to screen their customers to prevent incidences of money laundering and fraud. Therefore, setting up an efficient AML compliance program is a must. Such a compliance program can be made stronger and robust with the help of an online identity verification software that has advanced screening features. An identity verification software will help businesses prevent suspicious identities and accounts from bypassing their safety regulations. An identity verification software must be able to screen identities against data from government databases and law enforcement agencies. So, if you are setting up an AML compliance program for your business, then you must get an identity verification software. BASIS ID is a leading company that has developed an advanced and tech-driven identity verification software.  BASIS ID is amongst the leading companies that have developed the best in class identity verification software that will help businesses keep ...

Money laundering and theft have become one of the fastest-growing crimes in the area of money. That is why financial sectors have started using different ways to verify the identity of their partners and customers. Out of all the tools and methods used by the financial sector, KYC verification is something that is quite popular. And why shouldn't it be? After all, this software helps the people working in the financial sector to verify their customers and reduce the risk of money laundering just within a few seconds.  If you are also working in this sector and want to improve the customer experience, you must invest in KYC verification software. But not in any random software. If you want better protection, you should only select a company that the right team that can offer you the desired results. You should work with a team of professionals who believe in designing a powerful tool that can keep away online money-related threats. Another factor that you should consi...

Money laundering and fraud have become commonplace these days since most transactions take place through online channels. To prevent the incidences of money laundering and theft, every business must set up an AML compliance program . Such a program will help businesses spot fraudsters and make it difficult for them to get away with illegal gains. But setting up an AML compliance program with all the minimum requirements fulfilled is not enough. To create a robust and advanced compliance program you must use innovative and tech-driven tools. One of the tools that can make your AML compliance program strong is an identity screening solution. An identity screening solution will help you identify accounts that pose a potential risk of fraud and mitigate those risks. Moreover, it will also help your business steer clear from violating compliance regulations. If your business does not employ an identity screening solution, a fraudster can get past the initial checks and would b...