The increasing number of malpractices in industries over the years has made it important for owners to set up a wide range of defensive procedures as a usual practice for their company. One of these practices is a client screening process. This process is aimed at identifying those types of clients who cause a riskRead More
Tag: Customer Screening
The importance of compliance has been growing across all industries for the last 15 years. Managing a growing
compliance operation is especially difficult, given the lack of expertise in this area.
Did you know that customer screening is just as important as employee screening for many industries? Over the years, if you look into the anti-money laundering (AML) failures, these were due to a lack of customer screening during the customer lifecycle or onboarding stages. In fact, the higher the customer risk, the more difficult theRead More