Monthly Archives: October 2018

Who are you? Know your customer!

Susanne Hofrichter/ October 23, 2018/ Uncategorized

Know your customer (KYC) –is one of the most important topics in bank compliance. It includes several preventive measures to accurately identify the customer. Financial institutions are faced with the enormous challenge to prevent money laundering and terrorist financing. To minimize risks, it is necessary to obtain information about your clients and their financial transactions. Anti-Money Laundering Directives, KYC and

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Compliance Builds Trust – and Customer Loyalty

Susanne Hofrichter/ October 1, 2018/ Uncategorized

Compliance has become a fact of life in today’s world – and it’s clearly here to stay. This means mounting challenges for companies, continually faced with adopting new measures to prevent violations. Compliance is also becoming part and parcel of corporate governance and risk management. An ominous prospect for some, fearful of a major administrative burden and rising costs. For

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