Lyons Blog

  1. KYC Strategies Prevent Fraud thumbnailKYC, or “Know Your Customer,” is a process in which financial institutions verify that their customers are who they say they are, that they’re not on any sanctions lists and that their funding sources are legitimate. (more…)

    > Continue Reading
  2. How FinTech Anti Money Laundering Helpful Emerging Markets thumbnailFinancial technology has made immense strides in the past decade, bringing new levels of convenience to the consumer and corporate markets. App developers are disrupting the financial industry while also supporting the anti-money laundering regulations of federal and international bodies. (more…)

    > Continue Reading
  3. OFAC Compliance for Banks: What You Need to KnowThe Office of Foreign Assets Control, or OFAC, is a financial intelligence and enforcement agency within the U.S. Department of Treasury. It administers trade and economic sanctions against hostile foreign governments, terrorists, international drug traffickers, those that proliferate weapons of mass destruction, and other organizations and individuals duly identified as a threat to the national security, economy, and foreign policy of the United States. (more…)

    > Continue Reading
  4. Terrorist organizations, like other organized crime groups, require funding in order to operate. Buying weapons and vehicles, feeding and housing members, and using marketing materials to spread their ideas all cost money. The Center for a New American Security reports the 9/11 attacks alone are estimated to have cost between $400,000 and $500,000. (more…)

    > Continue Reading

Ready to start reducing your returns and ensure compliance?