Category: Customer Identification

January 24, 2022

5 Reasons Why Financial Institutions Should Care About Customer Identification Process

When we talk about financial institutions, we rightly picture a busy bank or an over-occupied insurance agency where the staff is extremely busy and the

January 21, 2022

Compliance In 2022: A Note On CIP In Correspondence With Anti-Money Laundering (AML) Regulations

Just like a famous quote on success, compliance is not a destination, it’s a journey. From a realistic viewpoint, compliance is a never-ending strive that

October 26, 2021

Why Customer Identification Process (CIP) Is Important for Every Business?

Banks, financial institutions, insurance companies, and other entities on board a variety of profiles, including but not limited to customers, vendors, partnering entities, associates, intermediaries,

September 10, 2021

Effective KYC Compliance API with Compliancely Real-Time Identity API

Due to the sensitized conditions surrounding the business onboarding processes, businesses must focus on identifying and preventing money laundering, identity theft, and related threats that

August 26, 2021

Why Businesses Should Conduct CIP In Compliance With Anti-Money Laundering (AML) Regulations

Anti Money Laundering efforts have been encouraged by federal and international monetary bodies to help banking and financial sectors avoid engaging in the illegal methods

August 18, 2021

The Importance Of Integrating An Effective Customer Identification Process

There are many reasons why businesses in the banking and financial streams want to incorporate a regulatory identification process. The primary reason is identifying the