by Patricia Diez | Aug 25, 2022 | KYC & AML
The AML Directives or Anti-Money Laundering Regulations, also known as Prevention of Money Laundering, are closely related to the KYC (Know Your Customer) process. It is important to understand the magnitude of the risks associated with money laundering because the...
by Alex | Jul 1, 2022 | KYC & AML
An estimated US$2 trillion dollars of criminal money makes its way into the banking system every year. Know Your Customer, commonly referred to as KYC, is a bank’s or financial service provider’s first line of protection against financial crime. In response to the...
by Patricia Diez | Jun 28, 2022 | KYC & AML
KYC (Know Your Customer) related practices are especially relevant in user and client relationships with businesses and are the first step in a customer relationship with a company. Its importance in relation to customer onboarding, its relationship with identity...
by Patricia Diez | May 30, 2022 | KYC & AML
The FATF (or GAFI) and its recommendations set the action framework for the fight against money laundering and terrorist financing. It is crucial to know the importance of this body and the policies it applies to understand how the financial sector is formed and how...
by Patricia Diez | May 4, 2022 | KYC & AML
The implementation of the EU Payment Services Directive 2 o PSD2 regulation has had a full impact on online operations and activities. From banking and finance to any e-commerce, this European PSD2 directive has laid the foundations for accessing online banking and...
by Patricia Diez | Apr 25, 2022 | Digital Onboarding, KYC & AML
The term Due Diligence is used in different ways. Its use and application vary depending on the sector, area, or type of process in which it is implemented. It is generally used for concepts and situations in which an investigation must be carried out of a natural or...
