Online security company iSignthis has announced that its remote Know Your Customer service, titled paydentity, is suitable for use by businesses in the Isle of Man.
To discuss the service, the company’s managing director, John Karantzis, and sales director, Chris Henry, travelled to the Isle of Man to meet with senior representatives of the Manx Government, regulators and industry.
Karantzis said: “We are very excited at the range of opportunities available to the company after our visit to the Isle of Man. Discussions with government officials and key regulators demonstrating how the iSignthis paydentity service will be of mutual benefit to the numerous remote AML obligated services that operate on the Isle was well-received.
“The company’s digital KYC process is ideally suited to the Manx AML regulations for both the financial and gambling sectors. This is consistent with the Isle of Man being one of the first jurisdictions in the world to introduce legislation specifically designed to benefit gambling and e-gaming firms whilst fully protecting customers.”
Karantzis continued: “iSignthis’ methodology is to first ascertain the validity of our process against local regulatory requirements. In particular, we are focussed on major jurisdictions where online gaming, wagering, betting, trading and/or forex regulated businesses operate. We are satisfied that our process has been validated for use as a remote KYC analytical tool and service by Isle of Man regulated sector businesses, with the Isle of Man being one of the key jurisdictions for online services.”
