Linqs's articles

Dos and Don’ts of choosing service providers offering Customer Screening

In today’s world, business enterprises must be double sure before exposing themselves in the market arena. Customer Screening is an essential part of completing customer due diligence. It is always important to know your risks before moving forward with any business venture. To begin this process, you must first seek service providers that have reliable […]

December 22, 2023December 22, 2023

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Unmasking Financial Fraud with Biometric Authentication

In today's digital age, financial institutions face an ever-increasing challenge: the relentless evolution of financial fraud schemes. To combat this menace effectively, banks and other financial organizations are turning to cutting-edge technology. One such technology making significant strides is biometric authentication. By integrating biometrics into Anti-Money Laundering (AML) and Know Your Customer (KYC) screening or […]

November 3, 2023November 3, 2023

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The Crucial Role of Customer Screening: AML, KYC, and Beyond

In today's rapidly evolving global financial landscape, ensuring the integrity of customer relationships is of utmost importance for businesses, especially in the banking and financial sectors. Customer screening processes have become vital in mitigating risks related to money laundering, terrorist financing, and other financial crimes. In this article, we will delve into three essential types […]

September 26, 2023September 26, 2023

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The Synergy of AML and KYC Screening in Strengthening Financial Compliance

In the realm of financial institutions, combating money laundering and ensuring regulatory compliance are of paramount importance. A robust Anti-Money Laundering screening process and Know Your Customer screening procedures are essential components in safeguarding against illicit activities and maintaining the integrity of the financial system. This blog explores the symbiotic relationship between these two screenings, […]

August 23, 2023August 23, 2023

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What Is An OFAC Screening and Its 5 Essential Components?

A subset of denied party screening, OFAC screening stands for The Office of Foreign Assets Control screening, applies on entities that engage in transactions using US Dollars anywhere inside or outside the country. OFAC compliance also recognizes sanctions and embargoes on countries or political jurisdictions. Therefore, OFAC screening is pivotal to compliance needs for a […]

January 3, 2023January 3, 2023

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5 Challenges with Denied Party Screening That You Should Be Aware Of

Denied party screening averts critical risks hovering around a business transaction or deal.

October 15, 2022October 15, 2022

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What Are The Best Practices in Watch List Screening Process & Others?

Whether clients, trade partners, customers or any other service provider.

September 15, 2022September 15, 2022

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How Export Screening Makes Compliance Easy for Organizations in 2022?

Classic cases of export violations can be searched through the Internet.

August 19, 2022August 19, 2022

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Does Our Organization Really Need To Worry About Denied Party Screening?

One of the most frequently asked questions – does our company really need to worry about denied party screening? If directly be told, U. S. regulations apply on exporters and also foreign exporters under specific jurisdictions. In the following, we will describe the importance of denied party screening, restricted party screening, their differences and AML […]

July 22, 2022July 22, 2022

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What Are The Essential Components of the AML Screening or Program?

Some of the essential components include risk assessment, identification and detection of suspicious activities, AML screening and training, independent audits and regulatory compliance. Businesses can’t be kept at bay for unscrupulous people or malpractices in financial sector. Most advanced security controls focus on developing new measures for steady measures against fraudulent activities. This helps business […]

June 30, 2022June 30, 2022

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Know Your Customer Software for AML in Different Sectors

The obligatory KYC or Know Your Customer process enables organizations to assess risks from their customers. KYC software has helped banks and NBFCs track and monitors suspicious accounts and takes preventive measures on dubious transactions. Counter measures don’t deprive performance, unless it’s vague and incomprehensible. Over the years, companies from different sectors, whether legal firms […]

May 27, 2022May 27, 2022

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Watch List Screening: Challenges, Necessities and Resolve of Process

Crucial point of watch list screening takes a chunk of processes to execute.

April 23, 2022April 23, 2022

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