Customer Due Diligence

3月 202020

Watch list screening has been one of the rules with highest false-positive rate. Watch list screening has been one of the pillars for know your customer (KYC) and anti-money laundering (AML) regulatory requirements since the beginning. It was introduced to prevent known criminals (or known high risk entities) from utilizing [...]

A practical guide to improve the effectiveness of watch list screening was published on SAS Voices by Nuth Ratanachu-ek

12月 242013
Customer due diligence (CDD) refers to the requirements that banks and other financial institutions must adhere to when they’re doing business with you. Specifically, they have to collect and document information that confirms you are who you claim to be and that the transactions to your account are made by [...]