Day: June 9, 2024

Written by FinCrime

Overcoming KYC name matching challenges with intelligent screening

Reported by FinTech Global According to Moody’s, a fundamental theme underpins know your customer (KYC) risk screening: names. A person’s name is their key identifier and in screening processes names are of course vital, but names are very rarely unique – unlike the people who claim them. Names can be complicated. Name matching is especially difficult […]

Written by FinCrime

Amazon breached UK’s Russia sanctions, claims ex-employee at tribunal

Reported by Camilla Hodgson and Yasemin Craggs Mersinoglu An ex-employee has alleged that Amazon breached UK sanctions by providing Moscow with its facial recognition technology after Russia’s full-scale invasion of Ukraine. The allegation forms part of evidence presented by Charles Forrest in a claim he brought against his former employer, Amazon Web Services, which the company is […]