KYC verifies identity and suitability of customers in financial services. Regulations now include non-financial industry and fintech. Financial institutions must collect customer identification information
CDD verifies customer identities and assesses criminal risk. Required by FATF member states under Recommendation 10. Foundation of Know Your Customer (KYC) process
PEPs are individuals with prominent public positions. Term introduced in late 1990s after Nigerian dictator's bank theft. FATF defines PEPs as government officials, political party leaders, and family members
Pi Node runs on desktops instead of mobile phones for blockchain validation. Uses Stellar Consensus Protocol with trusted node groups for consensus. Node software enables user-friendly setup through desktop application
IDMkyX platform provides AML, KYC, and KYB compliance in 195 countries. Serves 5 billion people across 240 countries with 330 million businesses. Offers real-time KYC solutions for new user verification
CDD is the process of collecting and verifying customer information during onboarding. Non-compliance with AML regulations can result in fines exceeding one million euros. CDD differs from KYC, which varies by jurisdiction