Enhanced Due Diligence: Uncover the Customer Hidden Risks
According to the Financial Crime News, compliance regulators all across the globe have imposed fines against financial organisations of approximately $38.47 Billion. However, the reasons behind these penalties were sanction-relation...
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Customer Acceptance Policy in KYC: The First Step towards Financial Safety
In our recent blog on KYC (Know Your Customer) we talked about the KYC...
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How is the Customer Identification Procedure in KYC Conducted?
While following the KYC compliance regulations, companies are mandated to execute Customer Identification Procedures...
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Ultimate Beneficial Owners in KYC: All You Need To Know
In Today’s financial world, hiding illicit funds has become a complex web of entangled...
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In-Person Verification KYC: 5 Steps to the Ultimate Security
You might have heard about frequent bank and financial frauds that may be conducted...
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Video KYC: A Game Changer in Remote Identity Verification
Commonly, three problems persist in the Video KYC verification procedure. These are: The wrong...
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KYC Document Verification Process: 3 Effortless Steps to Streamline Customer Onboarding
With the extensive use of technology and the internet, many companies are mandated to...
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Unriddling KYC Elements: Explanatory Guide to 4 Pillars of KYC
Historically, KYC Elements originated almost 53 years ago. In 1970, the U.S. passed its...
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3 Basic Components of KYC Regulations to Reduce Financial Crimes
Since technology is being integrated into many business sectors, it has provided many companies...
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Top 5 KYC Use Cases: Unlocking Customer Insights
In today’s world, KYC has become an essential element in fighting against financial fraud...
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Key Factors to Consider when Developing an eKYC Solution
Millions are spent annually on Know Your Customer (KYC) and anti-money laundering (AML) procedures as businesses strive to confirm identities and fight money laundering.
What is Money Laundering? Understanding the Process
Money laundering is the act of processing illicit money , which is generated by any illegal or criminal activity i.e (drugs trafficking, terrorist funds, embezzlement,
Financial institutions are under the lens of regulators
Financial institutions are under the lens of regulators, and that scrutiny looks like it will only continue to grow. In fact, financial institutions that lack compliance