KYC

The Dos and Don'ts of Using KYC Records for Reporting Entities

The Dos and Don’ts of Using KYC Records for Reporting Entities

KYC

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] KYC (Know Your Customer) is a critical component in the financial sector as it helps prevent money laundering and terrorist financing. Reporting entities, such as banking institutions, financial institutions, intermediaries, and others, must follow specific obligations regarding the maintenance of KYC records. However, it’s essential to understand the […]

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The Role of Central KYC Records Registry in Customer Due Diligence

The Role of Central KYC Records Registry in Customer Due Diligence

Anti-Money Laundering Law, KYC

As the world becomes more interconnected, financial institutions and intermediaries face increasingly complex challenges to prevent money laundering, terrorist financing and other forms of financial crimes. To combat these crimes, governments around the world have introduced laws and regulations that require financial institutions to perform customer due diligence (CDD). Central KYC Records Registry is a

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