Politically Exposed People (PEPs) are classified as high-risk customers with greater opportunities than normal citizens to gain assets through illegal methods such as accepting money laundering and bribes. PEPs need to be identified and screened by banks due to their potential…
Anti-money laundering (AML) is an important part of any business framework. It involves the detection and prevention of money generated from criminal activities such as fraud, bribery, and terrorism. AML is essential for protecting your business from these types of…
In today’s digital age, businesses must comply with Know Your Customer (KYC) regulations. If you’re unfamiliar with the term, KYC is a process of verifying the identity of customers. It helps companies identify and prevent fraud and money laundering, ensuring…
Anti-money laundering (AML) data is vital for financial institutions and government agencies to ensure they are complying with applicable laws and regulations. But how can they make the best use of this data? In this blog post, we’ll explore why…
Sanctions screening is a vital control typically used by financial institutions to recognize, stop, manage and reduce financial crime risk. Businesses must undertake thorough and efficient screening in the financial crime prevention strategies to help identify those groups and organizations…
Adverse media screening is the process of collecting, analyzing, and monitoring news articles, social media posts, blogs, and other online sources for information that could have a negative impact on your business. It’s an essential tool for businesses to manage…
Anti-money laundering (AML) is an important part of any business framework. It involves the detection and prevention of money generated from criminal activities such as fraud, bribery, and terrorism. AML is essential for protecting your business from these types of…
Have you ever heard of OFAC screening? OFAC stands for Office of Foreign Assets Control, and it is a process used to protect companies from doing business with individuals who are potentially involved in money laundering, terrorist financing, or other…
Anti-Money Laundering (AML) name screening is a critical process for companies who must comply with government regulations to prevent money laundering and other illegal financial activities. This process helps protect businesses from the risk of fraud, identity theft, and other…
Anti-Money Laundering (AML) compliance is an important element of any business and is a set of procedures and regulations designed to prevent money laundering and other illegal activities, but it can be particularly complex for financial institutions. Financial institutions must…
Sign up to get our latest news and updates
155 N. Michigan Ave Suite 740, Chicago, IL 60601
© 2025 KYC2020 LLC. All rights reserved.
