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What is a Compliance Management System?

A Compliance Management System is a structured framework guiding a business to internal policies, regulatory and legal standards. The process consists of setup processes, technologies as well as guidelines for businesses in order to operate within the required legal parameters and best practices that mitigate risks. Special importance has been attached to compliance systems in finance, insurance sectors, where regulations are complex and changes are frequent in nature.

What is KYC?

KYC stands for Know Your Customer, or occasionally Know Your Client. KYC, or KYC check, is the obligatory procedure of identifying and validating a client’s identity upon creating an account and at regular intervals thereafter.

Future-Proof Your Business by Staying Ahead of European KYC Regulations

There are many customer-made KYC requirements in Europe’s different markets for different client groups. In France, for example, both natural persons and legal entities are taken into account by credit organizations organizations in terms of client identification.

Data-Driven Decisions: Enhancing KYC Risk Assessment with Analytics

Today in the online era, the financial sector is under increasing pressure to put in place stringent know your customer (KYC) schemes. Preserving conformity and addressing possible dangers depend crucially on effectual assessment of risks.