Getting the whole picture
As a necessary matter of compliance, banks routinely risk-score their customers to ensure they comply with their pre-defined risk-appetite. Whether during onboarding or through monitoring customers and transactions, every entity is screened by the major financial crime divisions, usually broken down into: Know Your Customer (KYC), Anti-Money Laundering / Counter-Terrorism Financing (AML/CTF), Sanctions, Fraud, and […]