There is still a great deal of confusion surrounding the client due diligence process.One area that causes the greatest confusion relates to the 4MLD approach to Politically Exposed Persons (PEPs) and Sanctions checks on individuals and entities. The following represent 7 main misconceptions relating to PEPS and Sanctions Compliance. Learn More.
Automated KYC checks are part of the single API solution delivered by identity verification companies. They work by using a single point of entry to multiple data sets, allowing you to input your customer data once and thoroughly vet client information in your records without significant manual work.