Verifying a customer’s identity is only the beginning.
Financial institutions must also understand who they do business with, monitor transactions for suspicious activity, and screen customers against sanctions lists.
That’s where KYC, KYB, KYT, and Sanctions Screening work together to strengthen compliance and manage financial crime risks.
Because knowing your customer is important. Knowing their business, understanding their transactions, and identifying potential red flags are just as critical.
The goal isn’t just to onboard customers. It’s to build trust, protect your institution, and stay ahead of risk.
How strong is your institution’s approach to compliance?
- KYC
- KYB
- KYT
- Sanctions screening
- AML
- Risk management
First published by Foundry Finance on LinkedIn. View on LinkedIn.