What Is Perpetual KYC, and What Is Its Importance to Your Organization?

Sami Torres14 Aug, 2024Other

In the 21st century, the profitability and productivity of companies active on national markets are very often influenced by the way they can veto their customers and asses the risk management of transaction requests. KYC is important because it is a method by which your organization can keep up with AML and CTF regulations and avoid potential fines that can bring your professional activity to an end. By investigating the informational data of users on an ongoing basis, businesses can prevent different types of financial fraud, avoid getting involved in money laundering, and mitigate the risks of their economic activity.