May
What is Know Your Business (KYB)? Difference Between KYC and KYB
As the “global village” expands, verifying business identities through the KYB process has become almost inevitable for each enterprise engaging in cross-border operations. KYB is all about understanding the companies you do business with. In this piece, get to…
Read MoreApr
What Is AML Customer Screening And Why Is It So Important?
Customer screening stands as the first port of call in the global fight against money laundering, and it cannot be overlooked. Let’s find out why. An effective customer screening process – 1. Kick-starts the AML compliance cycle for financial institutions.…
Read MoreApr
Suspicious Activity Report (SAR) Vs. Suspicious Transaction Report (STR)– What’s The Difference?
In anti-money laundering (AML) efforts, the comparison between “suspicious activity report vs suspicious transaction report” often comes up. SAR and STR are the final AML checks that come after the initial steps, like verifying who someone is and keeping an eye…
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