Oct 13, 2021
Throughout the years, governments and institutions try to reduce corruption, fraud, and other illegal and immoral activities globally. It would be tough to find a country with little to no regulations on financial institutions. Anti Money Laundering (AML), Know Your Customer (KYC), and Know Your Business (KYB) guidelines are expanding each year in an attempt to fight various acts of money laundering, fraud, and terrorist financing.
Although this “war” is far from over, and the money laundering schemes have become more devious than ever, there’s knowledge to be found amidst the fog of war. It makes sense that some people are more likely to commit fraud or be involved with corrupt entities than others.
