Money laundering and terrorist financing are problems that require international collaboration to control. The FATF, the Financial Action Task Force, was created in 1989 to increase international collaboration. Over 200 countries and jurisdictions are engaged. Its objective is to issue recommendations that serve as standards for a coordinated global response to prevent organised crime, corruption, and terrorism. Likewise, to achieve the political will to develop legislation in different geographical areas to combat these issues. In 1990, it issued its first 40 Recommendations.

Online access to products and services entails a process with different stages that may seem quite similar if carried out naturally and transparently, although they respond to very different needs:

• Identification Once the company collects the characteristics that uniquely define the individual, it identifies the individual. My fingerprints and facial features help identify me, thus setting me apart from other people. Companies should know whom they are dealing with; they should identify their customers and ensure the best possible service.

Do you still remember the times when you needed to stamp your invoices or delivery notes with a rubber stamp? Although this system was used not so long ago, the ongoing digital transformation of companies has led to a change in such processes, switching out the rubber stamp for an electronic seal. In this post, we’ll discuss the specific uses and benefits of using this innovative technology.