Know Your Supplier (KYS), also known as supplier risk management, is a process that focuses on ensuring transparency and compliance in the supply chain.
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Don’t risk your business.
Information sharing systems have become essential tools in the fight against financial crime.
Dive into the debate of outsourcing vs in-house systems for Know Your Customer (KYC) compliance. Understand the advantages of outsourcing for compliance, efficiency, and cost-effectiveness, as well as the potential downsides of data privacy and lack of control in an in-house system.
Internal audit procedures are a critical element of the banking system for banks to manage their risks and comply with regulations.
The Financial Action Task Force (FATF) published a study that identifies new and existing technology-based solutions for effective compliance.
Organizations are obliged to comply with FCA standards, otherwise, they will be subject to AML penalties.
Transaction monitoring solutions provide several anti-money laundering and counter-terrorist financing opportunities for your business.
Companies need to manage risk act on their needs. An organization that fails to manage risk may not put up the resistance to any money laundering activity.
Learn how money laundering poses a risk to prepaid card users and what measures are in place to combat it.