Objection: “I’m not sure if I need AML/KYC services. My business is small and doesn’t handle a lot of financial transactions.” Response: “Even if your business is small, AML/KYC services can still be important for protecting your company and your customers. By verifying the identities of your customers and partners, you can help prevent fraud […]
Performing AML checks only at onboarding leaves a dangerous gap. Clients can be added to sanctions lists, take up new political roles, or appear in negative press at any time. Without ongoing monitoring, firms risk missing crucial changes until the next scheduled review. This article explains why continuous screening is essential, what sources to include, […]
Why is monitoring important? Simply put, it’s the Law. The Anti Money Laundering and Prevention of Funding of Terrorism Regulations require that subject persons monitor customers and involved parties against Politically Exposed Persons (PEPs) lists and sanctioned lists for potential political exposure and sanctioned status. When are we obliged to monitor? If it is an […]