Smarter identity checks to satisfy ‘Know Your Customer’ (KYC) requirements

Smarter identity checks to satisfy ‘Know Your Customer’ (KYC) requirements

Let’s say you work in a 'B2C' finance environment, such as a Pawnbroker, and a smart young man walks into your premises, wanting to do business with you. You’ve never met him before but he’s presentable, professional and seems like a nice chap. Don’t be fooled! It’s critical to satisfy yourself that he is who he says he is. Do you have a simple way to do that? And how can you reduce the risk of doing business with a fraudster?As you probably know, anti-money laundering (AML) regulations state that your first step should be to perform an appropriate level…read more >