AML-CFT compliance blog
Table of Contents
Compliance: A Prime Area for AI A Matter of Balance: Should We Push AI to 100%? AI: For Better or for Worse? Reason #1: Only Humans Can Manage Complexity Reason #2: The Black Box Effect Versus a Major Requirement:…
Choosing a sanctions screening solution isn’t just a matter of verifying that a vendor has lists and a matching engine. You need to understand what data is being used, how matches are detected, how many alerts will need to be analyzed, and what evidence can be produced several months later.
The…
Knowing your customer, verifying a business, evaluating a supplier, monitoring transactions: these processes are similar, but they do not address the same needs or, depending on the situation, the same regulatory requirements.
KYC, or Know Your Customer, refers to understanding the customer. KYB, or Know Your Business, commonly refers to…