Creditro's blog

KYC

What is ODD?

ODD stands for Ordinary Due Diligence, and contains many of the same points as KYC does.

KYC

KYC: Know your customer requirements

KYC can be a tricky process due to all of the requirements. However, no need to worry, we're listing them all for you right here.

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...

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.

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...

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...

KYC

What is KYC?

KYC stands for Know Your Customer - learn which measures are required by law and how decisions in the EU affect your company.