Know Your Customer (KYC) is a term used to describe the policies or frameworks incorporated by FIs (Financial Institutions) to verify the legitimacy and trustworthiness of potential clients. This is done to better protect against fraud and money laundering operations. The practice of money laundering is not a recent invention. Indeed, the precedent for money […]
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Having a professional and strong relationship with clients is one of the most important aspects of running any business. Criminal activity on businesses has never been higher, and software is increasingly being developed to commit fraudulent activity. That’s why we’ve developed a Know Your Customer system that works alongside our AML software. This helps build a trusted relationship with clients and partners by ensuring regulatory compliance. In this way, businesses better understand their customers and are able to take action, if necessary. Such software makes financial criminal activity more mitigable, and you can see it before getting involved. If you’d like to find out more information about our software, featuring Know Your Customer, then get in touch. Contact Impress Solutions today!