Benjamin M Musau KYC, CDD and EDD What is the difference between KYC and Customer Due Diligence and Enhanced Customer Due Diligence? (i) KYC is the abbreviated name of Know Your Customer. According to the online Wikipedia, Know your customer (KYC) is the due diligence and bank regulation that financial institutions and other regulated…
Benjamin M Musau Thomas Jefferson School of Law Module 2 Assignment Module 2 Advanced Topics in Compliance and Technology/Investigations Please discuss the following: What are the four fundamental components of USA compliance program (as required by statute and regulation)? Briefly discuss each component. According to the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Examination Manual (2010),…
Politically Exposed Persons (PEPs): The Draft EU Fourth Money Laundering Directive based on Proposed Changes to the FAFT Standards By Benjamin M Musau[1] Copyright ã 2011 by Benjamin M Musau All rights are Reserved. ã No part of this document may be reproduced in any form,…