COVID-19 has caused around 4 million deaths, thrown tens of millions into unemployment and wrecked countless businesses around the globe. But, as ever, unscrupulous criminals are eager to exploit the vulnerabilities exposed by the pandemic and, in particular, the vast programmes launched by governments to support economies.
Less than two weeks remain (at the time of writing) until the 3 June deadline for implementation of the EU’s most recent piece of AML legislation – its sixth directive since the bloc was formed in the early 1990s.
“The far-reaching social and economic impact of COVID-19 has resulted in panic and chaos worldwide posing unprecedented challenges for businesses. It is therefore, more than ever necessary, to conduct a thorough compliance check on third parties.”
Experian and identity verification provider Global Data Consortium (GDC) have today announced a new
partnership which will transform customer onboarding journeys for both international and new-to-country customers.
The agreement enables Experian clients to onboard customers rapidly, as well as strengthening anti-fraud measures and meeting
Know Your Customer (KYC) and Anti Money Laundering (AML) compliance requirements.