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Samples in periodicals archive:
HTB stated that it needed a solution that could help to identify a customer and would meet customer due diligence and know your customer (KYC) obligations.
The automatic information exchange standard developed by the OECD defines the minimum financial information on taxpayers as well as common procedures on customer due diligence that must be followed by financial institutions," the finance ministry said in an email statement.
As businesses face an increasingly stringent global regulatory climate, Dun & Bradstreet (NYSE:DNB), the world's premiere source of commercial data and insight, today announced the expansion of the Know Your Customer (KYC) and Customer Due Diligence (CDD) solution D&B Onboard in U.
The workshop included the scope of the recommendations, procedures for assessing compliance, new technologies, customer due diligence, reporting of suspicious cases and practical exercises.
The financial regulator is reportedly concerned about the lack of customer due diligence and anti-money laundering procedures followed by the European lender.
The PPSD agenda will focus, amongst others, on the implementation of FATF standards, customer due diligence and know your customer requirements, high risk customers, mobile money and remittances, and correspondent banking services.
The business carried out in Cyprus banks is not intrinsically different from international business carried out in other jurisdictions, a special assessment of the effectiveness of customer due diligence measures in Cyprus' banking sector by MONEYVAL says.
The solution provides value-added functionality through advanced features like customer due diligence, enhanced KYC, dynamic rules & scenario setup, multi-level, multi-stage case management workflow, customer & transaction profiling, online as well as batch-mode scan, integration capability with diverse back-office & transaction processing systems.