KYC: Knowing Your (Onboarding) Costs

KYC. KYB. AML.

Compliance, of course, has its own alphabet.

And anyone who’s in compliance knows that the trick is to pick out some of the most important letters from the alphabet and attend to them – namely, dotting every I and crossing every T. Doing all that crossing and dotting can be a bit time consuming, and costly. If not done well, enter the government, and the levying of fines, and it all becomes costlier.

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