Creditro's blog

KYC

What is PEP?

PEP is a politically exposed person and a statutory part of KYC checks according to AML legislation; it's crucial to know exactly what PEP means and...

AML

What is money laundering, and how does it work?

In this article, Visma Creditro takes you through the world of laundering - How does it work? How do you spot it? And which measures are best?

KYC

What is CDD?

The term Customer Due Diligence is significant in the new directive in the Money Laundering Act (AML 5). Read on to learn more.

AML

What is Customer Screening?

Customer Screening is often used among banks and other companies within the financial sector. However, many different concepts describe the same...

KYC

What your company needs to know about money laundering

Money laundering is when black money is washed white. What do you need to know, so you don't end up in a sticky situation? Read on to learn more.

KYC

What is terrorist financing and how does it work?

Terror financing can be anything from salary payments to donations, and black money quickly goes hand in hand with terror financing.

KYC

Why CDD is essential for companies subject to AML legislation

CDD, or Customer Due Diligence, is a term used often in the financial sector. It is a concept that is important for companies subject to AML...

AML

What is an RCA?

It's crucial for companies subject to AML to check if their customers and business partners are PEPs, so they don't become RCAs.

AML

What is KYB?

With efficient KYB processes, companies subject to AML can ensure that they only deal with genuine companies. Learn more about KYB.

KYC

The difference between KYC and AML

Although KYC and AML is often used interchangeably, they do not have the same meaning. Get an overview of the differences and relationship between...