Articles
Articles
May 20, 2025
Effective ways to improve your AML compliance
Managing financial crime presents a complex challenge for financial institutions. Due to its covert nature, the full scope of money laundering is difficult to truly know. The United Nations Office on Drugs and Crime (UNODC) estimates that between 2-5% of global GDP (up to $2 trillion in US dollars) is laundered every year. As financial crime becomes more sophisticated and regulations grow tighter, businesses must prioritise robust anti money laundering (AML) measures. Industries like banking, fintech and financial services need strong AML processes to protect themselves from fraud, penalties and legal risks. We explore how your business can strengthen
Articles
May 13, 2025
Yoti responds to the Draft Statement of Strategic Priorities for online safety
Last week, the Department of Science, Innovation and Technology, published the final draft Strategic Priorities for online safety. We welcome the statement, which highlights the five areas the government believes should be prioritised for creating a safer online environment. These areas are: safety by design, transparency and accountability, agile regulation, inclusivity and resilience, and technology and innovation. These priorities will guide Ofcom as it enforces the Online Safety Act, ensuring platforms stay accountable and users are protected. We welcome this clear direction and commitment from the government to create safer online spaces. It’s positive that age assurance has been
Articles
May 08, 2025
Understanding the UK’s new Data Bill
The Data (Use and Access) Bill, known more simply as the “Data Bill”, is a landmark piece of UK legislation that aims to reshape how individuals and businesses interact with digital data. It will introduce provisions for a national digital identity trust framework, helping to foster trust in digital identities by ensuring that businesses adhere to strict standards during digital transactions. This blog gives an overview of the Data Bill and what this means for digital identities in the UK. Why has the Government introduced the Data Bill? The Government has said that the Bill will “unlock the
Articles
May 07, 2025
What is identity verification?
As we spend more of our lives online, protecting our personal data has never been more important. Identity verification helps businesses check their customers’ identities whilst allowing people to navigate online services with confidence. Understanding identity verification is essential. We break down what identity verification is, why it matters and how it works. We also discuss the different methods used for verifying identity and the benefits of secure identity checks. Why do we need identity verification? Identity verification helps protect both individuals and businesses from things like identity theft, fraud and other malicious activities. It’s especially important in
Articles
May 01, 2025
Our approach to security and privacy
Digital transformation is reshaping how we live, work and interact with one another. But just as the right to identity is a fundamental human right, the right to privacy is too. That’s why protecting your privacy and security is at the heart of what we do. It helps us ensure that you, as our users, trust us with your personal data. We’re committed to only using your data in ways that are ethical, secure and compliant with data protection laws globally. Here’s a brief overview of our approach to privacy and security. If you’d like to drill down into
Articles
Apr 29, 2025
Complying with Ofcom’s Protection of Children Codes: what you need to know about age assurance
With children’s online engagement at an all-time high, the UK government passed the Online Safety Act in 2023, aiming to make the UK ‘the safest place in the world to be online’. It places legal obligations on online services to prioritise user safety, particularly for children. As the UK’s communications regulator, Ofcom plays a pivotal role in enforcing the Act’s provisions. As part of phase two of the Act’s implementation, Ofcom published its Protection of Children Codes of Practice on 24th April 2025. Made up of over 40 practical measures, they outline how digital platforms must safeguard younger users