AML, ATF, Compliance, KYC
What is Know Your Customer (KYC) and how does it affect your business?
Know Your Customer (KYC) describes a set of measures implemented by businesses that are designed to identify customers and report criminals.
8 Jul 2019
AML red flags are warning signs that an individual or business presents a higher risk of engaging in money laundering and other illicit financial activity. By establishing structured and consistent methods for identifying red flags, regulated businesses can optimize their AML processes and effectively meet their compliance challenges. In this article, we outline the top 10 AML red flags — and how to detect and deal with them using automated KYC solutions.