AML and KYC are frequently used interchangeably, but there’s a difference.
One is a framework. Another is the process.
KYC or Know Your Customer is a part of the AML or Anti-money Laundering framework. Over a period, people have exchanged the meanings due to lack of clarity in the nomenclatu…
International, federal, national, and state trade control laws prohibit exporters from dealing with trade partners that are on the watch list or barred party list. In the United States, these compliance measures have been enforced for the last two decades. EAR, ITAR, OFAC, FAR, and DFARS also preven…
There are currently no blog comments.