2 min read
Mathias Kobberup: 11-08-22 10:11
CDD stands for 'Customer Due Dilligence'. CDD is a crucial term due to the Money Laundering Act. To the same extent as the KYC concept, CDD is an aid...
2 min read
Mathias Kobberup: 11-08-22 10:07
The term Customer Screening is most often used in the financial sector when talking about knowing customers - however, it rarely stands alone. There...
2 min read
Mathias Kobberup: 11-08-22 09:55
Did you know that money laundering is punishable already from the first stage? And that there are 3 phases? Money laundering is when you make illegal...
2 min read
Mathias Kobberup: 11-08-22 09:46
Terrorist financing is collecting, transferring, or passing on money as a form of support for terrorist activities. Therefore, terrorist financing...
2 min read
Mathias Kobberup: 11-08-22 09:46
In 2020, a new money laundering directive was issued, which was called AML 5. This new directive emphasised that companies were now forced to move to...
2 min read
Mathias Kobberup: 11-08-22 09:33
RCA stands for "Relatives and Close Associates" and is related to PEP, Politically Exposed Persons. But how are they defined? And why is it important...
3 min read
Lærke Kartvedt: 08-08-22 10:54
What happens when the KYC – process lays off the C and becomes KYB? Get an overview of KYB and how you use it in your company. KYB stands for" Know...
2 min read
Lærke Kartvedt: 08-08-22 10:46
KYC and AML are terms used in the financial sector regarding money laundering. However, the words have very different meanings and should not be...
