What is AML and KYC in Payments?

AML and KYC in Payments

Today’s financial and payments industry is getting much more advanced and complex. Preventing illicit activities such as money laundering, terrorist financing, and other fraudulent activities is of paramount importance. Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations have emerged as crucial safeguards within the payments industry. Here we explain AML and KYC in payments, their significance, […]