Latest from the Didit blog.
The FCC wants phone companies to run bank-style KYC.
The FCC sought comment on making phone companies collect and verify government ID before granting service. What FCC 26-27 asks, and what it proposes.
Asia is moving the cost of weak identity checks onto banks and platforms
Nine Asian markets rewrote their identity rules between December 2024 and January 2026. Singapore and Thailand now make institutions pay for scam losses.
Six Latin American economies rewrote their identity rules in 21 months
Six of Latin America's seven largest economies rewrote their identity rules between March 2025 and December 2026. Chile's regime binds 1 December.
EU law lets five years pass before you recheck who owns a customer.
EU law caps the gap between customer information updates at five years, or one for higher risk. AMLA’s operational guidelines are still in draft.
The firms reporting the most risk to the FCA report the widest control gaps.
The FCA asked 242 asset management firms about financial crime controls. Private-markets firms report the most risk and several of the widest control gaps.
A risk assessment that did not work cost one operator £4.75 million.
Evolution Malta will pay £4.75m after the Gambling Commission found its money laundering risk assessment did not flag two unlicensed partners.