linqs

Articles

Denied Party Screening Software – Seek The Help Of Experts
Federal & international rules and regulations prohibit various deals and transactions.International trade wouldn’t have been smooth & seamless if several protocols weren’t followed. Though this can’t be said for all cases, considering that some of the countries have made it only a perfunctory process. However, responsible countries ...

How To Improve Know Your Customer Processes? Here’s A Multi-point Guide.
Banks, corporations, and financial institutions have this regulatory compliance measure – Know Your Customer (KYC) – as ascertaining Due Diligence for the client onboarding and monitoring. However, inadequate or outdated, legacy systems for Due Diligence instill inefficiency, extraordinary costs, and redundant procedures. Here, we discuss the inc...

AML Screening for Client Onboarding – Risk-based Approach for Due Diligence
Banks or financial institutions apply a risk-based approach for client onboarding and due diligence for the appropriate level of screening. The risk rating of these clients determines the required level of AML screening.Clients across the globe may have different profiles, given the variety of businesses they handle. Probably, this leads to a complex situati...

Info Regarding Advantages & Working of Customer, AML & KYC Screening
Screening involves a dynamic comparison of gathered knowledge against external knowledge sources of sanctioned lists, PEP lists, adverse media, etc. Since many 'bad actors' like politically exposed persons, terrorist organizations, cash launderers, etc. have propulsion of risky business strata, businesses engaging with them have to face untoward consequences...

Customer and KYC Screening for Risk Aversions – Technology Systems
Customer identification and compliance with established standards are essential for stopping the proceeds of money laundering practices. In the past, several businesses were afflicted by these kinds of financial crimes. But, KYC screening did have a fair share of controversies and downsides. Let’s discuss this in the following.On this date, we have see...

Why customer screening has become crucial for every business?
Before establishing any business relationship with a customer, every business organization or financial institution ought to know them and their activities to avoid any financial risk and unnecessary legal trouble. Customer screening is an effective and comprehensive practice to verify the identity of customers and assess the financial risks associated with ...

A Brief Introduction to Customer, AML & KYC Screening Procedures
Customer screening and client observation are the key procedures to a risk-based approach AML policy. Companies serving beneath the AML obligation are needed to implement client screening and client observation procedures.Why Customer Screening is Important?The Customer Screening process is very important for companies in terms of customer experience. Compan...

Why does Denied Party Screening Matter to Manufacturers?
Certain businesses face several issues at the time of shipment of their products. This blog reveals why automated screening software is helpful in such situations.Every operation or logistics manager of a high tech or manufacturing business knows how crucial it is to have detailed information about the trading partners and the products being shipped to the l...

How Denied Party Screening Is Enhancing The Lexicology?
ITAR – International Traffic in Arms RegulationsBIS – Bureau of Industry & SecurityOFAC – Office of Foreign Assets ControlAnd so on…We remarkably enter an era where people are turning to ‘Urban’ dictionaries for understanding the latest slangs, sobriquets, and whatnot. However, that doesn’t mean there has been n...

Anti-money Laundering Screening Software – Identifying Suspicious Accounts
AML transaction monitoring helps in identifying suspicious activity in the transactions. But, AML screening helps identify any entity/customer/party that is a part of any regulatory lists or blacklists.AML or Anti-money Laundering transaction monitoring facilitates a wide range of benefits for banks and financial institutions. It won’t be wrong to say ...

1 - 2 | Next