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Structuring \u0026 Smurfing: Understanding the Different Money Laundering, Evasion and FinCEN Violations.

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The CEO and co-founder of Onfido tells us what is wrong with identity verification today, how Onfido is fixing it and what the future holds June 21, By Peter Renton Leave a Comment Views: The current system of identity verification is broken. With so many data breaches happening today most of our personal information is readily available on the dark web. We can no longer truly rely on any personal information as a way to verify identity. A completely new system is needed. They are a relatively new fintech company with a new approach to identity verification. Their sophisticated system revolves around facial biometrics and document verification via smartphones with machine learning at its core. In this podcast you will learn: How his time at Oxford University gave him an appreciation of entrepreneurship. cuckoo smurfing

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Business is at a critical point. Still reeling from the ongoing risk impact of the pandemic, you now have to prepare for an equally uncertain future. There is no more putting it off. Know the landscape The big lesson of cyber security is simple.

Know the landscape

There will always be vulnerabilities — because the systems are designed by people and people are fallible. And as our work environment has changed, so has our risk environment.

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How do we prepare? The best way to combat that is prevention, to proactively invest in securing your data and your business.

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It also means being prepared to react appropriately and quickly for when the worst cuckoo smurfing. This whitepaper seeks to: Give an cuckoo smurfing of the risk landscape with a primary focus on cyber security and data protection Highlight the imperative for business to adopt a cross — enterprise approach to their risk strategy that: Requires the creation of an accountable risk culture in every cell of its operations based on a strong training and education foundation Requires executive buy-in from the mary jane down across all departments. By: Thomson Reuters April 20, Thomson Reuters, a worldwide trusted provider of answers, helps professionals make confident decisions, run better businesses and gain competitive advantage in complex arenas — law, tax, compliance, government and media.]

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