Tag Archives: KYC

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 International: Transliteration

Matthias Dennig/ July 30, 2018/ Uncategorized

From typo to terrorist financing? Applied linguistics in compliance When the EU imposed sanctions on the Gaddafi regime in early 2011, no one could have foreseen the ensuing problems for compliance. A lack of clear standards for the spelling of Arabic names in Roman script gave rise to dozens of variations of the Libyan leader’s name. From Muammar Qaddafi and

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