Screening for PEPs is a critical part of your financial institution’s risk-based AML/CFT program. In this article, we define what a PEP is and identify some of the biggest challenges that stand in the way of a good PEP screening system.
PEP Screeening
Your AML Compliance should not break the bank
As your customers demand faster turnaround times, your business needs the best AML compliance process in place. For many small and medium-sized enterprises (SMEs), meeting quality sanction and PEP screening requirements are often unaffordable. SMEs try to get by with…
The Newcomer’s Guide to The Essential Features of a Robust AML Compliance Program
In my research to better integrate into the KYC2020 team, I discovered that having an anti-money laundering program in place is a pre-requisite for all organizations these days. Money laundering has serious consequences attached to it and failing to implement…
