AML vs KYC: What’s the Difference and Why are they Important for Sanctions Screening?

Whether you’re a part of an investment bank, insurance company, retail bank, or any other financial institution, you might know the importance of following all financial compliance requirements- as issued by the Central Bank. The laws and guidelines in this regulatory compliance are essential to ensure the security and safety of the institutions and their customers. AML [Anti-Money Laundering] and KYC [Know Your Customer] also fall under compliance requirements in [...]
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January 14, 2022