Importance of a KYC process for every company

Laws and regulations across various jurisdictions have required banks, insurance companies and other financial institutions to develop strong know-your-customer (KYC) processes. These laws are in place because financial institutions face several risks, including money laundering and terrorist financing.

While there are regulatory requirements for banks and insurance companies to ‘know’ their customers, there is generally no legal obligation for non-financial organisations to conduct integrity screening or due diligence on customers.

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Best practices in distributor audits
Best practices in distributor audits

An audit of distributors needs to be focused, with appropriate methods used to obtain information that is u...

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Supplier codes of conduct
Supplier codes of conduct

Many companies are starting to recognise the importance and value of having a written code of conduct for t...


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