Blog

AML Checks for Accountants: Key Requirements, Challenges, and Best Practices

May 19, 2025

Understand how the right processes, best practices, and software can help with AML checks for accountants to achieve regulatory compliance.

AML Compliance

What Are Fraud Detection Rules: Types and Best Practices

May 1, 2025

Learn how fraud detection rules help prevent financial crime, their types, strengths, challenges, and how to build an effective rule-based system.

Transaction monitoring

Vespia and Mastercard Team Up to Speed Up Merchant Onboarding

February 19, 2025

Vespia, an Estonian business verification (KYB) solution, and Mastercard today announced a new partnership to expedite the merchant onboarding process.

News

What Is Payment Screening: Process and Challenges

February 17, 2025

Learn what payment screening is, how it works, its role in AML compliance, and how businesses can overcome challenges in its effective implementation.

Payments

Vendor Due Diligence: Definition, Process, and Best Practices

February 14, 2025

Learn what vendor due diligence is, why it's essential, and how to conduct it effectively to mitigate risks, ensure compliance, and optimize operations.

AML Compliance

What Are Secondary Sanctions: Goals, Impact, and Examples

February 10, 2025

Learn what secondary sanctions are, their impact on global trade and compliance, and some real-life examples of their successful implementation.

Sanctions

Complete the Know Your Customer Checklist: 5 Essential Elements for Compliance

October 28, 2024

Achieve KYC compliance with five essential elements to add to your Know Your Customer checklist. Optimize your workflow in one guide.

Business Verification

12 Best Identity Verification Solutions for Better Customer Onboarding

October 16, 2024

Combating financial fraud involves thoroughly examining a customer's background and history. Here are 12 identity verification solutions that can help.

AML Compliance

Onboarding Flow

AML Machine Learning and Its Role in Financial Compliance

October 16, 2024

Learn how AML machine learning is improving transaction monitoring and reducing financial crime with faster, real-time detection and fewer false positives.

AML Compliance

Choosing A Jumio Alternative: 6 Best Comparisons

December 9, 2024

Looking for the best AML compliance software for your business? Find the best Jumio alternative with a comprehensive overview of its competitors.

AML Compliance

Fnding the Best Onfido Alternative: 7 Competitors

December 10, 2024

Discover the top Onfido alternatives for AML compliance. Get a comprehensive overview of features and reviews to find what suits your business best.

AML Compliance

Business Verification

10 Red Flags to Watch Out for in Transaction Screening

September 5, 2024

Transaction screening impacts transaction approvals. Discover ten signs that can enhance the detection of suspicious activities.

Transaction monitoring

Understanding AML Tactics: Know Your Transaction (KYT)

September 5, 2024

Discover how Know Your Transaction (KYT) improves financial institutions' AML compliance. Implement KYT into your AML program in 5 easy steps.

Transaction monitoring

6 Crucial Stages of AML Case Management

September 4, 2024

Is your AML case management in order? Discover 6 critical stages that impact your process. Learn how investing in the right system can make a difference.

AML Compliance

The Biggest AML Fines in 2024 and 6 Ways to Avoid Them

September 3, 2024

Explore 3 of the biggest AML fines in 2024. Learn how to keep your business safe from these cases, plus 6 best practices you can do to avoid getting fined.

AML Compliance

Manual Review: The 5 Step Process of Detecting Fraud

August 6, 2024

Understand manual fraud review and its 5-step process. Learn the importance of combining it with automated detection for comprehensive fraud prevention

AML Compliance

Critical Signs of Money Laundering and How to Manage Them

August 5, 2024

For financial institutions to stay compliant, they must remain vigilant of the telltale signs of money laundering. Discover the many ways to distinguish them and what next steps to take.

Money Laundering

Evaluating Unscorable Individuals: Alternative Credit Scores

August 5, 2024

Alternative credit scores allow lenders to evaluate individuals more accurately by examining their digital footprint and behaviors. This is especially useful for the unbanked.

Banking

Addressing Customer Risk: What Actions Should You Take?

August 5, 2024

Managing customer risk is crucial when entering new business relationships. It requires a certain level of evaluation to determine whether or not they pose a threat to your operations.

AML Compliance

6 Steps to Conduct Know Your Business (KYB) Verification

July 5, 2024

Understand the importance of Know Your Business (KYB) verification. Learn the 6 essential steps to keep your business compliant and how to automate KYB verification.

Business Verification

Identifying and Managing High-Risk Customers

June 26, 2024

High-risk customers can be individuals or entities who might negatively harm your business’s reputation and operations. Discover how to determine and manage these customers effectively.

AML Compliance

Understanding Global Watch Lists

June 26, 2024

A global watch list allows you to see individuals and entities who are high-risk clients. This can save your business from exposure to money laundering, fraud, and terrorist financing.

AML Compliance

Corporate KYC: Business Verification and Onboarding

June 18, 2024

Corporate KYC is essential to onboarding new businesses or corporate entities, as it verifies legitimacy and identifies any potential risks when partnering with a corporation.

AML Compliance

Enhanced Due Diligence (EDD): How it Secures Transactions

June 5, 2024

Enhanced due diligence (EDD) is an added layer of security for financial institutions that help effectively screen and monitor high-risk clients.

Business Verification

A Guide to Identifying A Politically Exposed Person (PEP)

June 5, 2024

A Politically Exposed Person (PEP) is an individual who holds public influence. Detecting PEPs can help secure businesses for financial crime compliance.

AML Compliance

A Comprehensive Guide to Payments Compliance

May 26, 2024

Payment compliance is essential for countering crime risks, privacy breaches, and other suspicious activities. The right procedures can make a difference.

AML Compliance

The Importance of an AML Audit: How to Prepare

May 3, 2024

An AML audit ensures businesses have the right AML policies, procedures, and controls to safeguard the organization and clients.

AML Compliance

Document Verification: Understanding the Process

May 6, 2024

The digital verification of documents can fast-track KYB and KYC checks. Learn how document verification aids AML compliance and benefits businesses.

Business Verification

Digital Onboarding: Why You Should Be Implementing This Process

May 6, 2024

Digital onboarding makes it easier for both financial institutions and customers to integrate new accounts into the system.

Business Verification

Crypto Money Laundering: Uncovering & Detecting the Scheme

April 24, 2024

Cryptocurrency is another method criminals use for money laundering. Investigating this scheme can be tricky but well worth it.

Crypto

Combating Document Forgery - a Сomprehensive Guide

April 5, 2024

Forged documents can pose a threat to your business and financial institution. Take the proper precautions to protect your organization with these steps.

Business Verification

Document Security: Finding Fake Documents

April 4, 2024

Determining fake documents can be challenging in the digital age. Protect your business by staying aware of their telltale signs.

Business Verification

Understanding Money Laundering Stages, Laws, and Prevention

April 4, 2024

Explore the three stages of money laundering, the laws targeting this illegal activity, and effective preventative measures to combat this global issue.

AML Compliance

Uncovering Layers: Structuring in Money Laundering

March 21, 2024

Structuring is a well-known money laundering technique that intends to avoid reporting. Understand the full process to keep your AML processes in check.

AML Compliance

8 Best Practices for Financial Crime Compliance

March 21, 2024

Ensure the safety of your financial institution and prevent crime with these best practices for financial crime compliance.

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Acing Compliance: Key Components to Enhance AML Transaction Monitoring

February 29, 2024

AML transaction monitoring is a crucial part of staying compliant. Discover the most important components that can enhance your process.

Transaction monitoring

Stay Vigilant: Emerging Technologies for Transaction Fraud Detection

February 29, 2024

The future of transaction fraud detection looks promising. Stay ahead of the game and keep vigilant with these emerging technologies.

Transaction monitoring

The best fraud prevention solutions in 2025

March 1, 2025

Secure your business and safeguard client identities. Discover the most effective fraud prevention tools in the industry.

Business Verification

Transaction Monitoring Solutions: 7 Top Picks for 2024

February 1, 2024

Learn how transaction monitoring solutions help fight financial crime and fraud in real time, with some tips on choosing the best platform for your business.

Business Monitoring

Playing it right: AML compliance for casino money laundering

January 29, 2024

Casinos are one of the most common ways to launder money. Get a headstart with the right AML compliance program in place.

Money Laundering

Adverse media screening: Why automating it benefits your business

January 29, 2024

Want to stay ahead of AML compliance? Learn how adverse media screening can help keep your business in check.

AML Compliance

Sanctions Checks: A Comprehensive Guide for Compliance

December 20, 2023

Learn about the role of global sanctions checks in ensuring AML compliance and how you can conduct efficient screening with automated digital solutions.

Sanctions

What Is a CTR in Banking: A Complete Compliance Guide

December 19, 2023

Here’s all you need to know about CTR in banking. We talk about what currency transaction reports are and why they are crucial for AML compliance.

AML Compliance

What Is AML Screening: A Complete Guide

November 13, 2023

Discover what AML screening is, along with its various types, and the role it plays in achieving effective AML compliance across the globe.

AML Monitoring

What Is an FBO Account: A Pillar of Modern FinTech and Banking

November 9, 2023

What is FBO in banking and fintech contexts? Learn how FBO accounts work and their pros and cons, especially in terms of compliance.

AML Compliance

What Is Bank Compliance: A Comprehensive Guide

October 26, 2023

What is bank compliance, and why is it important for financial institutions? Here’s all you need to know, including key regulations and laws.

AML Compliance

AML Verification 101: All You Need to Know

October 5, 2023

What is AML verification, and how does it work? Find out everything you need to do to stay AML-compliant and play your part in preventing financial crime.

AML Compliance

How to Check if a Company Is Legit

October 5, 2023

What do people get out of creating fake companies, and how can you spot them? Here’s a comprehensive guide on how to check if a company is legit.

Business Verification

7 Differences Between KYC vs KYB That You Should Know

September 19, 2023

What is the difference between KYC vs KYB, and what role does each play in helping businesses achieve AML compliance? Here’s all you need to know.

Business Verification

9 Best KYC Software Solutions to Mitigate Risk and Boost CX

October 28, 2024

In our latest post, we spotlight the 9 top KYC software options and their ins and outs. Dive into the vital world of "Know Your Customer" and its paramount role in strengthening financial security. Join us for this concise yet informative exploration.

AML Compliance

10 Best AML Software Solutions in 2025: A Quick Review

March 4, 2025

Amidst the financial sector's evolution, RegTech is pivotal for oversight and compliance. Our article spotlights the 10 best AML software solutions in 2025.

AML Compliance

Boost Payment Security with Reliable KYB in Payment Platforms: Payment Gateway Business Verification

July 12, 2023

Ensure payment security and compliance with our trusted business verification documents solution. Safeguard your transactions with reliable verification solutions for enhanced AML compliance payment business. Learn more now.

AML Compliance

Payments

Unlocking UK KYB & AML Compliance: Navigating the Complexities of AML and KYB Regulations

May 25, 2023

Navigate the intricacies of AML (Anti-Money Laundering) and KYB (Know Your Business) compliance in the UK with ease. Discover how to unravel the complexities and ensure regulatory adherence. Gain valuable insights and strategies for maintaining AML compliance while effectively conducting KYB procedures. Stay informed and safeguard your business against financial risks.

AML Compliance

Business Verification

How to Easily Monitor Your Business Customers and Partners with Vespia for Effective Business Monitoring

May 9, 2023

Keep a close eye on your monitoring companies, gain valuable insights to make informed decisions and optimize your business performance. Stay on top of your business monitoring with Vespia.

Business Monitoring

AML Monitoring

How to Streamline Your Business Process and Onboard Business Customers 90% Faster?

May 3, 2023

Improve your business process and boost your efficiency with our expert tips on business process review. Learn how to start optimizing your business process today and take your company to the next level!

Onboarding Flow

Why Business Verification Solutions are a Game-Changer for E-commerce and Supply Chain Management

February 24, 2023

In eCommerce and Supply Chain, verifying business legitimacy is key to preventing fraud and maintaining trust. Vespia's blog post discusses the benefits of using Business Verification (KYB). Learn how KYB reduces risk, boosts customer experience, and complies with regulations. Stay ahead by discovering the latest trends, best practices, and choosing the right KYB solution. Read now and level up your biz with Vespia.

Business Verification

Navigating the AML Maze: A Guide for Venture Capital Funds - Compliance and Best Practices

January 26, 2023

Navigate the complex world of Anti-Money Laundering (AML) compliance with our comprehensive solution for venture capital funds. Stay compliant and protect your business with our expert guidance and best practices.

AML Compliance

Investment

The Slush 100 Pitching Competition — The importance of startup due diligence

December 19, 2022

Slush 100 Pitching Competition Awards 2022 revoked the win of Immigram due to a post-event due diligence that revealed that the company had links to Russia.

Sanctions

What does KYB have to do with it? Vespia’s thoughts on the FTX scandal

November 25, 2022

The FTX scandal sometimes reads like a comedy, especially the deeper you get into it. Get an insight into Vespia's thoughts on this controversy.

Business Verification

Crypto

5 reasons you are spending too much money on AML compliance

November 9, 2022

You probably also know it by now: the cost of sustaining regulatory compliance is consequential—and as regulations skyrocket, so does the price tag.

AML Compliance

Managing supply chain risk: know your supplier and protect your customer

October 31, 2022

Vespia streamlines automated supplier due diligence by offering an innovative Know your Supplier solution to help organizations verify and authenticate the identity of the supplier.

Supply Chain

Ready Player KYC - Vespia’s Thoughts on Fraud in the Metaverse

September 26, 2022

The Metaverse has become an OASIS for money laundering and fraud. Vespia discusses the risks and provides tips to avoid them in the online virtual worlds.

Metaverse

An automated way to get your team AML certified

September 19, 2022

Learn more about Vespia’s collaboration with Complok on making AML compliance more accessible and easy with automated AML training.

AML training

Deniz Arda Aslan: Connecting the Dots of Data | Vespia

July 20, 2022

Read this blog post to know more about how Deniz Arda Aslan, Data Science intern at Vespia, found the perfect place to analyze data for actionable insights.

Team

Top Business Verification Trends in 2022

June 16, 2022

This year is marking an increase in the need for business verification (KYB). If you are wondering about the various business verification trends in 2022, there is plenty to be aware of.

Business Verification

The Many Uses of AI & Technology in the Compliance Industry

June 10, 2022

Read the highlights from our event on the uses of AI and technology in the world of AML compliance and get a grasp of crypto, AML data quality, and much more!

AML Compliance

How to Create a Business Verification Process

May 30, 2022

Business verification is an essential part of your business activities. Find out how to set up this process via a business verification service like Vespia.

Business Verification

Donate Safely to Ukraine: Interview with Army SOS

May 25, 2022

Ukraine was invaded by Russia already 3 months ago. We have been helping people to donate safely to Ukraine by verifying non-profits and charity organizations for free. Read this interview with Oleksii Savchenko from Army SOS to understand what are the processes behind the donations they receive.

Vespia for Ukraine

Russia Sanctions: Know Your Business Customers Better

March 31, 2022

Many countries have imposed sanctions against Russia due to its aggression toward Ukraine. Find out how you should get to know your business customers better and avoid having any ties to Russia.

Sanctions

Donate Safely to Ukraine With Vespia

March 17, 2022

In wake of the invasion of Ukraine, many people are seeking to donate to different non-profit organizations to help the people there. Learn how to identify scams and donate safely to Ukraine.

Vespia for Ukraine

Business Verification in the Sharing Economy

February 21, 2022

Business verification must help companies and consumers create safer experiences and make more reliable transactions, which in turn will benefit the growth of the sharing economy.

Business Verification

Elena Popovici: Hacking the growth of business verification

February 7, 2022

The story of how growth started at Vespia. Read this blog post to know more about how Elena Popovici, Growth Hacker of Vespia, found the perfect place to solve all the bottlenecks.

Team

Vespia. The Future of Business Verification, Now

January 18, 2022

Is there any real way you can be sure who you’re dealing with when developing a new business relationship? Vespia discusses the evolution of doing business in a global world and how you can avoid going in blind.

Business Verification

The Story of Vespia: Business Verification With a Superhero Twist

October 28, 2021

The story of how Vespia was founded. How Julia Ront, founder of Vespia, met the Robin to her Batman and formed the superhero team of Vespia.

Business Verification

We need to talk about money laundering

August 17, 2021

Three stages of money laundering explained. Tips by Vespia on how to tackle money laundering.

Money Laundering

Business verification — the only solution is transparency (introduction to KYB Platform, now known as Vespia)

July 26, 2021

Introduction to Vespia - a new compliance solution of the future. We believe compliance should be as simple as possible, as fast as possible, and fully automatic — for any type of business, large or small, fintech or eCommerce.

Business Verification