Africa on the rise: why KYC is essential to success
Africa on the rise: knowing who your customers are will be essential to success
Nine of the top 25 countries with the highest GDP growth rate in the world are in Africa but not everyone in a market has legitimate objectives and interests, perhaps more so when that market is emerging. Knowing Your Customer, who you are investing with, selling to, buying from and banking with are essential for success. Avoiding fraudsters and other criminals is all part of the due diligence and KYC process.
Address the challenges inherent with the process of client on-boarding whilst staying compliant with regulatory demands with our tried and tested, purpose-built application.
Thomson Reuters Org ID simplifies and streamlines counterparty due diligence and the ongoing maintenance of Know Your Customer (KYC) compliance records.
Enhanced due diligence processes form part of a best-practice, risk-based approach as well as providing a critical framework during the anti-money laundering and know your customer on-boarding life cycle.