Oct
What Is an AML Risk-Based Approach?
Not all risks wear the same mask. An AML risk-based approach (RBA) means cutting through the noise to target the real money laundering (ML) and terrorist financing (TF) threats your organization faces. An efficient AML risk-based approach helps organizations focus…
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Jul
What Is Enhanced Due Diligence (EDD) In AML?
When it comes to anti-money laundering (AML), one significant aspect that businesses and financial institutions must grasp is enhanced due diligence (EDD). Why is EDD so important? Imagine you’re responsible for protecting your company against financial crime. Basic checks might…
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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…
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Apr
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.…
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Mar
What is PEP Screening in Anti-Money Laundering?
PEP screening is a critical component of a comprehensive anti-money laundering (AML) program. Financial institutions and other obligated entities implement PEP screening processes to identify and manage risks associated with persons who may have opportunities to acquire assets through illicit…
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Feb
What Is AML Sanctions Screening? [A Comprehensive Guide]
What is Sanctions Screening? Sanctions screening is an inevitable part of an AML-CFT compliance program for financial and obligated entities to guard themselves against inadvertent criminal misconduct. This process entails matching company records with global sanctions lists to flag individuals…
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