Tag: customer risk assessment
Streamlining AML and CRA processes: Loomis FX’s success with KYC Portal
Organisations worldwide are increasingly seeking ways to optimise their customer risk assessment (CRA) and anti-money laundering (AML) risk management strategies. Implementing effective CRA and AML procedures plays a crucial role in providing an accurate analysis of the potential risks that new clients might pose.
The hallmarks of a strong customer risk assessment process
Customer risk assessments are a vital part of AML and KYC processes. Flagright, an all-in-one AML compliance system, has outlined the best practices of an assessment process.
