Author name: Agrima Dwivedi

🗒️  Key Highlights FinCEN receives approximately 2 million Suspicious Activity Reports (SARs) annually from financial institutions in the U.S. The […]

🗒️  Key Highlights Over 2 billion NFC-enabled devices exist globally, with 20% of the world’s population currently having access to

🗒️  Key Highlights Inadequate KYC processes can erode customer trust, leading to lost business and partnerships. Without proper KYC procedures,

🗒️  Key Highlights More than 1.1 million identity theft reports were filed in 2022 through the FTC’s IdentityTheft.gov. Consumers lost

🗒️  Key Highlights Layering involves moving illegally acquired money through various accounts and geographies to make it difficult to trace

🗒️  Key Highlights An NFC chip’s encrypted communication happens in microseconds, yet it’s complex enough that breaking its security would

🗒️  Key Highlights Non-compliant crypto firms face fines of up to $25,000 per day, per FinCen. U.S. FinCEN fined Bittrex

According to a report by the US Small Business Administration, there are around 34.7 million businesses in the country, as

Employer Identification Number, or EIN, is a tax identification number the Internal Revenue Service (IRS) assigns to businesses. It’s like