KYB/AML

Know Your Business (KYB) helps companies understand every aspect of the businesses they have relations with. That’s why there’s no doubt that nowadays it’s a important part of not only regulated companies’ compliance assurance. But what’s so special about this solution? Tune in to find out.

Since 2002, more than 38 institutions in USA have reached settlements or pled guilty due to non-compliance with AML regulatory requirements and paid substantial fines in settlements.

How exactly does the proof of address process look like? Our step-by-step guide will answer all questions related to Address Verification.

Over the past decade, the EU has been considering how to combat the potential illicit flows through banks and other financial institutions. It’s clear that stricter financial processes call for a more robust action plan from all financial players. This time, we’ll review the EU and its standards by providing all the necessary guidelines.

Especially in business, signing a contract without doing detailed research can result in becoming a money laundering channel. That’s why in today’s complex digital environment, it’s essential to take your time to research every single company that you’re interested in doing business with. 

Learn what Know Your Business, or KYB verification, is, focusing on the main compliance challenges in regulated, high-risk industries while learning about key automation solutions.

The complexity of money laundering might be a challenge. With the right tools and proper risk assessment, the dangers of fraud can be controlled. Obviously, more businesses have become aware of this issue and are trying to minimize these risks with automated KYB or business verification.

Are you wondering what tools and methods can detect and prevent vicious crimes, such as illegal earnings and money laundering? Will it be Customers’ AML Screening and Ongoing Monitoring? Keep reading to find out.

KYB, or Know Your Business verification, is crucial for onboarding and monitoring corporate clients. Learn how to onboard your partners, identify the individuals controlling the organization and help prevent money laundering.

On 19 April 2018, the European Parliament adopted the 5th Anti‑Money Laundering Directive. Read more.

We discuss what exactly anti-money laundering (AML) is, which industries are affected by it, and what businesses should do to ensure proper AML compliance.