May 31, 2016
KoreConX and Trulioo join forces to reduce money laundering and fraud in equity crowdfunding
TORONTO, ON -- Trulioo's industry leading global ID verification capabilities are now available through the KoreConX platform. Companies can now achieve frictionless ID verification to help reduce fraud and satisfy Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
KoreConX was created to make compliance and transparency easier, and reduce the likelihood of fraud for the equity crowdfunding industry as a whole, and partnering with Trulioo brings this much closer. Companies and equity crowdfunding portals are required to adhere to the highest possible standards for due diligence, and fraudulent campaigns put the entire industry at risk.
"Building strong relationships with industry leaders like Trulioo is a key component of KoreConX's mandate. We're working together to integrate the tools and expertise companies need to stay compliant, transparent, and reduce risk," said Oscar Jofre, President and CEO of KoreConX.
Trulioo offers the ability to verify more than 4 billion people in over 45 countries, and the service is available in every market KoreConX operates in. For more information, click here.
"We are pleased to support KoreConX's efforts to enable companies to more easily and effectively raise capital with transparency back to shareholders," said Keir Breitenfeld, Head of Partnerships and Channel Sales. "We always seek partners that share our same values of inclusion, enablement, and trust, and are looking forward to delivering best-in-class KYC checks that are foundational to KoreConX's innovative suite of services."