KYC (Know Your Customer) and AML (Anti-Money Laundering) have always been crucial components of the financial industry. With an ever-growing interconnected global economy, ensuring the legitimacy of transactions and protecting against fraudulent activities is paramount. The processes are not without their challenges: Time-Consuming: The traditional process can be lengthy, requiring multiple documents and verification steps. Expensive: With manual processes, the cost of compliance can skyrocket. Inconsistent Regulations: Different countries have…
