Regulation
Articles
Jan 14, 2020
The Fifth EU Money Laundering Directive is arriving in the UK - here are a few things you need to know.
The Government’s amendments to the Money Laundering and Terrorist Financing Regulations (MLR) are coming into force. This is the result of the transposition of the EU’s Fifth Money Laundering Directive, as well as a set of standards set by the Financial Action Task Force (FATF). These amendments extend the obligations to meet the MLR requirements to other sectors, which means that they will be obliged to perform ‘Know your Customer’ (KYC) checks and potentially monitor certain transactions. For example, cryptoasset activities will now fall under the scope. Furthermore, businesses will also need to consider new high-risk factors when determining whether
Articles
Nov 01, 2019
The UK's "unwavering commitment to protect young people online" falls by the wayside
The government decision to stall age verification system for adult content sites has baffled us here at Yoti. Yoti has developed tech to help organisations who want to check age to protect people online. We are a global leader in this area, having performed over 200 million age estimates with companies across a number of sectors from social media live streaming, to dating and classified sites. We are working with the social networking app Yubo to make their young community safer, with DateID to allow people to create verified profiles and over the past years we have been working
Articles
Apr 17, 2019
The Digital Economy Act and age verification on adult websites: the facts
What is the Digital Economy Act? The Digital Economy Act is a law introduced by the UK government that includes measures to prevent children from accessing pornographic content online. Age verification is a child protection measure, introduced as part of the government’s ambition to make the UK the safest place to be online. When does the Digital Economy Act take effect and who does it apply to? From the enforcement date, on 15th July 2019, anyone who wants to access a UK adult website will be required to prove they’re 18 or over. Does the Digital Economy Act apply to
Articles
Apr 12, 2019
New regulations to tackle underage online gambling
Last year, a Gambling Commission audit found that an astounding 55,000 British children aged 11-16 year olds were classed as problem gamblers. The results also revealed that up to 450,000 11-16 year olds gambled on a regular basis. While the problem exists across offline and online gambling, the growing nature of the online sector makes it imperative for there to be more safeguards in place. As of 2018, The UK Gambling Commission (UKGC) reported that the market’s revenue hit £14.4 billion, of which £5.3 billion came from online gambling. When it comes to identity and age verification for gambling customers,
Articles
Jul 23, 2018
Getting to grips with GDPR: The right to data portability
The seventh article in our series on GDPR rights is about the right to data portability. Catch up on previous articles about your right to be informed, the access right, correction right, deletion right, objection right, restriction right. Part 7: The right to data portability This is a new right under GDPR and its aim is to allow individuals to be able to easily get back certain personal information so they can do other things with it, or give it to another company. There are two aspects to the right: The right to get back some information. The right
Articles
Jul 20, 2018
Getting to grips with GDPR: The right to correct data
The third article in our series on GDPR rights is about the correction right. See here for previous articles on your right to be informed, and the second on the access right. Part 3: The right to correct data The right to correct inaccurate personal information is an existing right. It has always been the case that if you discover an organisation has inaccurate information about you, you have the right to correct it. It also links with the organisation’s responsibility to have accurate and up to date data. In current UK law this right is set up as