Auditors

Compliance, KYC Software

AML 101: The 10 Most Common Red Flags

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.

24 Mar 2023
KYC-Gate Keeper Industry
Auditors, KYC Technology, Precious metals and stones, Real estate

KYC: An Imperative for every ‘gatekeeper’ industry

Companies from a wide range of different sectors that act as effective “gatekeepers” to the financial system either conduct – or should be conducting – KYC checks. These include real estate, law, corporate service and auditing firms, precious metal and stone dealers – essentially any company that provides access to assets or the financial system in a way that could be manipulated for money laundering. 

24 Feb 2022