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Difference Between MLRO and Compliance Officer

Difference Between MLRO and Compliance Officer

In this post, we will delve into the difference between MLRO (Money Laundering Reporting Officer) and Compliance Officer roles. While both play crucial roles in ensuring regulatory compliance and preventing...

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KYC Regulated Industries: An Insight of Global Diligence

KYC Regulated Industries: An Insight of Global Diligence

Verifying the client’s identity is imperative in making the financial system secure through KYC...
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Customer Due Diligence vs Enhanced Due Diligence for Effective Risk Monitoring

Customer Due Diligence vs Enhanced Due Diligence for Effective Risk Monitoring

The risk of Money Laundering and Fraud is everywhere. Economies are competing to become...
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Customer Acceptance Policy in KYC: The First Step towards Financial Safety

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?

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

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

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

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

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

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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industry trends & reports

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.

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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,

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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

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