The importance of Adverse Media checks for an effective KYC process
Adverse or Negative Media includes any unfavourable information obtained from various trusted news sources and outlets. Adverse Media checks can expose hidden AML risks such as association risk, Financial Crime (FinCrime) risk, or legal Risk.
What is Sanctions Screening?
Sanctions Screening is an Anti-Money Laundering (AML) control used to detect, prevent, and disrupt financial crime. Screening for sanctions risk is a mandatory requirement for regulated entities in all sectors and is an essential step in the Know Your Customer (KYC) process.
KYC vs AML – What is the difference?
The rapid growth of the online economy and the meteoric rise of the FinTech industry has led to an unprecedented demand for Anti-Money Laundering (AML) and Know Your Customer (KYC) tools. What do we mean by AML and KYC? Can we use these two terms interchangeably?
Customer Due Diligence (CDD) Explained
In the world of combating Finance Crime (FinCrime) and Counter-Terrorist Finance (CTF), Customer Due Diligence (CDD) is an important and complex field. In this article, we explore what CDD involves and the challenges facing this crucial anti-crime battleground.