Know Your Business[KYB] – A Foundational Component of AML Regulations
The businesses have frequently been subjected to frauds and crimes like money laundering, terrorist financing, tax evasion, etc. The reason these frauds have increased significantly, these days is the sudden shift of all businesses to digitization. The digital advancements and technological trends have forced businesses to adapt to the changes in order to survive in the long run. Moreover, the pandemic has made all the