KYC. KYB. AML.

Compliance, of course, has its own alphabet.

And anyone who’s in compliance knows that the trick is to pick out some of the most important letters from the alphabet and attend to them – namely, dotting every I and crossing every T. Doing all that crossing and dotting can be a bit time consuming, and costly. If not done well, enter the government, and the levying of fines, and it all becomes costlier.

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Source: PYMNTS