AML compliance starts with the due diligence undertaken during onboarding, generally put in compliance terms as Know Your Customer (KYC). The first step to AML is KYC, says Abhishek Dwivedi, an AML consultant with AMLabc, Amsterdam. “Some customers may be relatively riskier, not necessarily because of any terrorist links or high risk, and need to be monitored on an ongoing … [Read more...] about AML Meets KYC: FinTech Apps Battle the Data Cloud
AML
Technology Considerations for Taming the BSC-AML Compliance Beast
The Bank Secrecy Act (BSA) is the primary anti-money laundering (AML) law in the United States. Although technology has been at the heart of AML compliance for years, new technologies are bringing more sophisticated and efficient approaches to AML compliance, with the goal of reducing compliance costs for large and mid-tier banks. AML compliance generally is based on … [Read more...] about Technology Considerations for Taming the BSC-AML Compliance Beast