KYC & AML Global Watchlists

What KYC & AML Global Watchlists should you refer to when compiling your datasets? Know Your Customer (KYC) compliance requirements frequently require identity checks against known or suspected money laundering, terrorist, or other persons considered high risk. The following should be a start when compiling your datasets to check for […] Continue Reading »

Egypt – Know Your Customer (KYC) Rules

  Egypt is not considered a regional financial center or a major hub for money laundering. Egypt has a large informal cash economy, and many financial transactions are undocumented or do not enter the banking system. Cash remains by far the preferred means of payment in Egypt and, despite efforts […] Continue Reading »

Kyrgyzstan – Know Your Customer (KYC) Rules

  The Kyrgyz Republic (Kyrgyzstan) operates largely on a cash economy and with decentralized accounting systems, which makes money laundering difficult to detect. The banking sector is small and the Kyrgyz Republic is not a regional financial center. A significant percentage of the country‘s GDP comes from remittances from abroad, posing […] Continue Reading »

Tajikistan – Know Your Customer (KYC) Rules

  Tajikistan operates largely on a cash economy and with decentralized accounting systems, which makes money laundering difficult to detect. Furthermore, deficiencies in Tajikistan‘s recently enacted AML/CFT law increase Tajikistan‘s vulnerability to money laundering and terrorism financing. Criminal proceeds laundered in Tajikistan derive from both foreign and domestic criminal activities […] Continue Reading »

Uzbekistan – Know Your Customer (KYC) Rules

  Uzbekistan operates largely on a cash economy and with decentralized accounting systems, which makes money laundering difficult to detect. Furthermore, deficiencies in Uzbekistan‘s recently-enacted AML/CFT law pose significant risks of money laundering and terrorism financing. Uzbekistan is not an important regional financial center and does not have a well-developed […] Continue Reading »

Turkmenistan – Know Your Customer (KYC) Rules

  Turkmenistan is not an important regional financial center. There are only five international banks and a small, underdeveloped domestic financial sector. Foreign companies operate three casinos in Turkmenistan, which under certain conditions could become vulnerable to financial fraud and money laundering. Given Turkmenistan‘s shared border with Afghanistan, money laundering […] Continue Reading »

C6 Intelligence expands in Asia, opening new Singapore office

SINGAPORE – C6 Intelligence Information Systems (“C6 Intelligence”, “C6”) continues its expansion plans in Asia by opening a local office in Singapore to showcase its C6 EDD | KYC | AML product range in the APAC region and help drive its Asian expansion, thereby strengthening its global footprint. The Asia […] Continue Reading »

Brunei – Know Your Customer (KYC) Rules

  Brunei is not a regional financial center and does not have free trade zones. Brunei has a small offshore financial center and its proximity to high crime regions, along with its large foreign worker population and limited anti-money laundering/counter-terrorist financing (AML/CFT) institutional capacity, make it vulnerable to cross-border criminal […] Continue Reading »

Malaysia – Know Your Customer (KYC) Rules

  Malaysia is a growing regional financial center and has a well-developed anti-money laundering/counter-terrorist financing (AML/CFT) framework. Malaysia‘s long porous land and sea borders and its strategic geographic position increase its vulnerability to transnational criminal activity, including money laundering and terrorist financing. Malaysia is primarily used as a transit country […] Continue Reading »

Iraq – Know Your Customer (KYC) Rules

  Iraq‘s economy is primarily cash-based, and there is little data available on the extent of money laundering in the country. Smuggling is endemic, often involving consumer goods, cigarettes, and petroleum products. Bulk cash smuggling, counterfeit currency, trafficking in persons, and intellectual property rights violations are major problems. Ransoms from […] Continue Reading »