Anti-Money Laundering – What is Client Profiling and Why Is It Needed?
Kerry Grass* Client profiling applies to your client, as well as the beneficial owner(s) and effective controller(s). By applying a profile across your client base, you can more readily identify your higher risk clients. To establish a client profile, you first need to determine those characteristics that, if present, would increase ML/FT risk. The greater […]
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