5 Steps to Adopting a Risk-Based Approach to KYC

Mechanistic V’s Risk-Based Approach Adopting a risk-based approach to customer screening means being responsive to risk throughout the screening process. As the Financial Action Task Force puts it, a risk-based approach involves “analysing and seeking to understand” how any money laundering or terrorist financing risks you identify affect your business, and responding accordingly. Example of … Continue reading 5 Steps to Adopting a Risk-Based Approach to KYC