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Tag: AML
KYC ( Know Your Customer )
The Know Your Client (KYC) process, which is required by law, also benefits financial institutions in various ways:
It assists lenders in risk assessment by identifying prior financial history and assets possessed. This information helps financial institutions determine a client’s ability to repay the loan and prevents fraud and money laundering activities.
Limits fraud caused mostly by identity concealment. Furthermore, KYC processes help prevent money laundering by tracking suspicious transactions and identifying discrepancies in the reported data.
AML (Anti-Money Laundering)
Learn about what (AML) Anti-Money Laundering is, the first steps of money laundering, and how criminal organisations disguise and transform their filthy money into clean money to escape identification by regulatory agencies. We strongly advise students considering higher, advanced, or professional in the subject of (AML) Anti money laundering to take this course.