VerifyInvestor.com, a subsidiary of tZERO, Launches AML and KYC Screening Service to Provide a One-Stop Solution For Investor Onboarding Compliance

September 17, 2024 09:00 AM Eastern Daylight Time

DALLAS–(BUSINESS WIRE)–VerifyInvestor.com, proudly announces its new Anti-Money Laundering (AML) and Know Your Customer (KYC) Screening Service, designed to help global firms and businesses safeguard against financial crimes, including fraud, corruption, and money laundering. VerifyInvestor.com is a majority-owned subsidiary of tZERO Group, Inc., a financial technology company that, together with its broker-dealer subsidiaries, provides a range of primary capital raising and secondary liquidity services and solutions for digital and conventional securities. As part of that, tZERO was recently approved to own one of only two special purpose broker-dealers in the United States, permitting it to provide unique compliant digital securities custody services and end-to-end solutions for the digital security lifecycle.

Issuers often face challenges in finding a service provider that can handle both accredited investor verification and AML/KYC compliance, leading to fragmented processes and potential delays. VerifyInvestor.com addresses this gap by offering a comprehensive solution that combines both services under one platform. With the launch of its advanced AML/KYC screening service, VerifyInvestor.com has become a true one-stop shop for issuers, streamlining investment compliance and ensuring a seamless verification process.

David Goone, CEO of tZERO Group, emphasized the importance of these protective measures, stating, “It is a major pain point in the market, as these services are typically hard to buy in small quantities. By breaking them up from bulk and integrating them into a single platform, VerifyInvestor.com provides a true value add, offering a comprehensive one-stop solution that streamlines investment compliance and enhances efficiency for issuers.”

Key Features:

• ID Verification: Ensuring legitimate customer/investor identification during the onboarding process.
• Liveness & Face Match: Preventing identity theft through advanced biometric checks.
• AML Screening: Safeguard against money laundering activities.
• Ongoing AML Monitoring: Continuous protection against emerging risks.

Alan Konvesky, EVP and Chief Legal & Corporate Affairs Officer at tZERO Group, added that, “VerifyInvestor.com’s range of services, including these new AML and KYC solutions, as well as its flagship investor accreditation product, form the backbone of our industry-leading end-to-end solutions for private markets and support entrepreneurs and sponsors who want to do this the right way and bring to market compliant conventional assets and, in particular, compliant digital securities that leverage new regulated infrastructure for digital securities that tZERO has built, including our new digital securities custody special purpose broker-dealer.”

Please visit VerifyInvestor.com to find out more about our Anti-Money Laundering (AML) and Know Your Customer (KYC) Screening Service.

About VerifyInvestor.com

VerifyInvestor.com, a majority-owned subsidiary of tZERO, is a leading provider of fast, easy, and cost-effective accredited investor verification and compliance solutions. VerifyInvestor.com also offers custom verifications, qualified purchaser, qualified client verifications, as well as true and correct certification of key documents, such as government IDs, passports, and proof of address. With an emphasis on security and regulatory adherence, VerifyInvestor.com supports businesses in meeting their compliance obligations efficiently.

About tZERO

tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology and trade on a regulated alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.

Forward-Looking Statements

This release contains forward-looking statements. In addition, from time to time, VerifyInvestor.com, its affiliates, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of VerifyInvestor.com and its affiliates to change the direction; VerifyInvestor.com’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by VerifyInvestor.com, its affiliates or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. VerifyInvestor.com, its affiliates, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by VerifyInvestor.com, its affiliates or its representatives might not occur.

Contacts

Media Inquiries
Sam Amsterdam
tZERO PR / Amsterdam Group Public Relations
+1 (202) 910-8349
Sam@AmsterdamGroup.net