KYC, AML (anti-money laundering) and compliance investigations
KYC stands for "Know Your Customer", which translated means "Know Your Customer". It is a specific procedure that some categories of professionals must implement in order to verify the identity of their clients and users, in order to prevent them from being involved in illegal activities, specifically money laundering, online fraud, corruption and terrorism.
Not surprisingly, the professionals involved are:
- Credit institutions
- Banking and financial intermediaries
- Accountants and Labor Consultants
- Notaries and Lawyers
- Auditors and Auditing Companies
- Real estate agents
- Civil mediators
- Gaming service providers
- Virtual currency service providers.
The KYC procedure is compulsory as per Legislative Decree No. 90 of May 25, 2017, by which the European Regulation "on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing" is implemented.
With this action, a move of AML (Anti Money Laundry) is implemented in which Investigative Agencies play a key role through the services of Compliance Investigations, which allow the recovery of information suitable to obtain the judgment of compliance required by law.
KYC Procedure and Compliance for AML
Achieving KYC compliance by means of the specific procedure means "getting to know your customer" and in order to do so, it is necessary to have the appropriate investigations carried out by the specialized and authorized companies such as Investigation Agencies.
In order not to incur penalties and to find the right information, a professional in the field will be able to allow the completion of the procedure successfully and in the shortest possible time.