Fight back against sophisticated money launderers with these 3 techniques.
Watch list screening has been one of the rules with highest false-positive rate. Watch list screening has been one of the pillars for know your customer (KYC) and anti-money laundering (AML) regulatory requirements since the beginning. It was introduced to prevent known criminals (or known high risk entities) from utilizing
Customer risk rating models play a crucial role in complying with the Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements, which are designed to assess customer risk and prevent fraud. Today, the most common form of the Customer Risk Rating model is a score-based risk rating model. This