Ml finance - Import export

THE CHALLENGES Today, major regulations impose a KYC solution on the Banks (FATF Recommendations, 4th EU Directive on AML/ CTF regulations, USA Patriot Act and other country- specific regulations). KYC standards not only apply to new customers, but also to existing customers. The directive to know whom you are doing business with, and ensuring the lawfulness and compliance of those parties, is more critical and more tightly regulated than ever before. A comprehensive KYC solution can help you streamlining the process of monitoring customers in an efficient and cost effective manner. Moreover, it guarantees compliance with Money Laundering and Terrorist Financing (ML/FT) directives. THE SOLUTION EastNets’ en.SafeWatch KYC helps Financial Institutions identify, verify and monitor their customers. This automated system seizes, organises and stores customer information. It includes a scientific risk scoring methodology that allows the user to assess the risk associated with an account, an