How the Consortium of Privacy Regulators Is Enforcing Privacy
Key Takeaways: The Consortium of Privacy Regulators is unifying state-level enforcement, creating stricter and more consistent expectations for businesses handling personal data. This marks a shift away from fragmented compliance and toward coordinated oversight. Identity platforms are under increased scrutiny, especially for how they store data, obtain consent, and justify data collection. Regulators are pushing […]
What Is EU’s eIDAS Regulation?
Before eIDAS, the EU’s digital landscape was quite fragmented. Each country had its own rules for online identification and digital trust services, making it hard for individuals and businesses to work smoothly across borders. There were no uniform rules for electronic signatures, and people generally didn’t trust digital processes. This lack of consistency made doing […]
What Is the EU’s Digital Identity (EUDI) Wallet?
Key Takeaways: The EUDI Wallet is a secure, user-controlled system designed to identify European citizens. It allows individuals to manage their digital ID and access services across the EU while maintaining privacy. It enables seamless access to both public and private services within the EU, making cross-border identification and verification simpler and more efficient. The […]
Why the No Fakes Act Is Pushing Platforms to Act on AI
Key Takeaways: The No Fakes Act is closing a major legal gap around AI-generated content. This bill gives creators and everyday users stronger protection against deepfakes and unauthorized use of their voice or image. Big Tech platforms are backing up the No Fakes Act, but still lack strong enforcement. YouTube, TikTok, Meta, and Spotify have […]
What Is KYC (Know Your Customer)?
Key Takeaways: KYC (Know Your Customer) requires businesses to verify customer identities before conducting financial transactions. This process helps prevent fraud, money laundering, and identity theft by ensuring that individuals are who they claim to be. KYC verification is part of the broader Customer Due Diligence (CDD) framework, which involves ongoing transaction monitoring to detect […]
What Is Customer Due Diligence (CDD)?
Key Takeaways: Customer Due Diligence (CDD) is the process in which financial institutions and businesses verify their customers’ identities and assess potential risks. It involves collecting and analyzing personal and business data to detect suspicious activities and ensure regulatory compliance. The main goal of CDD is to prevent financial crimes, including money laundering, terrorism financing, […]
How to Prevent Money Laundering and Stay Compliant
In our previous article, we already covered what money laundering is and why it remains a serious risk to global financial systems. Now, let’s focus on how businesses can help stop it—and why their role is so important. Money laundering doesn’t just impact banks or regulators. It undermines trust, fuels criminal networks, and destabilizes economies. […]
What Is the EU AI Act? The First Comprehensive AI Regulation
Key Takeaways: The EU AI Act is the first comprehensive law designed to regulate AI technology across Europe. It aims to ensure that AI systems are developed and used safely, fairly, and transparently while protecting people’s rights. AI systems are classified based on risk. High-risk systems must meet strict standards, while low-risk systems have lighter requirements. […]
What Is KYC Fraud?
Key Takeaways: KYC fraud involves individuals providing false or misleading information during the Know Your Customer (KYC) process to deceive financial institutions or businesses. This deceptive practice undermines the integrity of financial systems and can lead to significant financial crimes, including money laundering and terrorist financing. Common tactics include identity theft, synthetic identity creation, and […]
