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Know Your Customer

Know your customer is becoming increasingly important subject in the Indian Banks. This category provides the resources on the KYC and violation of the KYC

Identifying the Ultimate Beneficial Owners

In the face of terrorist financing, drug trafficking and other criminal activities, money laundering is becoming a growing concern for the financial institutions across the world. These activities are...
adverse media

Adverse Media information on High Risk Customers

Adverse media screening, also known as negative news screening, is defined as unfavorable information found in news sources. There are two types of news sources viz. ‘traditional’ news outlets and unstructured...

Heightened Risk Individuals – Politically Exposed Persons

Politically Exposed Persons (PEP)s are high risk customers for financial institutions. Due to their influence, many PEPs are in positions that potentially can be abused for the purpose of...
high risk countries

Dealing with customers from High Risk Countries

Globalisation is storming ahead and businesses are looking beyond their domestic surroundings. They have to expand beyond the domestic markets if they have to remain competitive in global marketplace....

Classification of High Risk Customers

Regulated financial institutions are required to take a risk-based approach to customer due diligence and ongoing monitoring under the Money Laundering Regulations. Customer relationship pose money laundering and terrorist financing risk...

High Risk Business Sector – Real Estate

Real estate industry is an attractive target of money launderers. It helps to hide the proceeds of crime. It allows large quantities of cash to be laundered in a single transaction....

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