Tag: EU Anti-Money Laundering Directives

KYB, or Know Your Business, is an essential process for businesses engaging with other companies. It serves as the backbone of safe, compliant third-party relationships, enabling firms to assess and manage potential risks before formalizing business agreements.

AI is progressively transforming the landscape of AML and KYC within financial institutions, aiming to amplify their efficiency, efficacy, and scale.

The battle against financial crime is ongoing and complex, with Know Your Customer (KYC) protocols at the forefront of safeguarding compliance and securing business operations.