Tag Archives: sanctions

What is KYC and AML checks and why are they necessary for my business?

Understanding KYC & AML checks for businesses

You probably seen this two terms being thrown around a lot these few years. Essentially the objective for implementing these are to prevent businesses from being successfully targeted by money launderers and terrorist financiers. Firms, especially those engaging in certain financial activities are required to employ risk based due diligence as mandated by most authorities….