It’s crucial to conduct your research before starting a relationship. Without getting to know your spouse, you wouldn’t get married, and without an interview, you wouldn’t hire someone at risk. Why then, when onboarding new clients or consumers, take the chance of getting into a poor relationship? Organizations can identify and validate customers with the aid of Know Your Customer (KYC) protocols. The risk of unintentionally interacting with people or organizations engaged in illicit behavior. Or money laundering is minimized by performing customer due diligence and identity verification.  This is crucial for banks, financial institutions, owners of online gaming ...Read more

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