What’s The Difference Between Customer Due Diligence and KYC?
KYC and CDD are crucial processes fall under the umbrella of an Anti-Money Laundering (AML) service. KYC and CDD are both checks that a financial institution will go through, and if this does not comply with AML regulatory compliance laws, civil penalties and fines may apply. While they affect one another, KYC and CDD each serve their […]
Effective Risk Based Approach for CDD Implementation
Organisations navigating modern financial regulations must adopt a risk-based approach to implementing AML processes because it helps increase compliance and protect against criminal activities. Moreover, RBA integrated within Customer Due Diligence systems provides an effective system for identifying and blocking risks from money laundering operations and terrorist financing activities. So, in this blog, we’ll discuss […]
