When it comes to a bank’s due diligence with respect to AML/BSA compliance, having a BSA officer is a necessity. That said, it can be challenging to find a high-quality individual to fill in the role, especially with the volatility of BSA and AML compliance standards constantly changing. A BSA officer holds a lot of weight in regards to maintaining a bank’s reputation and strictly abiding by BSA standards. They are responsible for integrating an

Fraudsters have been using money laundering schemes to cover illegal activities for decades. In an effort to cut back the number of people taking advantage of the system, the government has imposed a set of rules and regulations called AML compliance. Anti-Money Laundering Act (AML) first appeared in the U.S. to stop perpetrators from moving money to evade taxes and use it for notorious purposes. According to a report by the United Nations Department of

As a business managing age-restricted purchases and engagements, you know that scanning an ID is the quickest way to verify a person’s identity thanks to the barcode found on the back. But did you know that those barcodes differ on driver’s licenses by state?  Each state has different information that is displayed when the barcode is scanned. Therefore, you should familiarize yourself and your employees with different driver’s license barcodes by state so they know

Fake IDs are growing both in number and sophistication as identity thieves get more and more accurate with the details. Whether you are a bouncer at a club, a bartender serving alcohol, or a tobacco or cannabis shop, you must learn to verify an ID properly and detect a fake one from a mile away.  Always remember the devil is in the details, but there are a few simple steps that can help you spot

With the new advancements in modern tech, catching fakes in real-time can be tricky. But just as your team is getting quicker at identifying fake IDs, identity fraudsters are advancing their methods for obtaining and generating fakes that can bypass security measures. For that reason, we’ve created an ID checking guide to help you catch fraudsters in the act: The Basic, Tell-Tale Signs of a Fake ID Catching fakes can be easy if you know