AML & KYC

The difference between AML and KYC is that AML (anti-money laundering) is an umbrella term for the range of regulatory processes firms must have in place, whereas KYC (Know Your Customer) is a component part of AML that consists of firms verifying their customers’ identity.  AML and KYC are particularly poignant topic areas for the Datactics writing team.

We hope you enjoy the pieces we have put together as we continue our thought leadership in AML and KYC. This section contains a piece entitled ‘Automated AML Screening with Sanction Machine Engine’, as well as a piece that unpacks transliteration matching in Japanese, Chinese, Russian, Arabic and all non-Latin data sets. 

We recently took part in a webinar hosted by IRMAC (Information Resource Management Association of Canada) which Dr. Fiona Browne spoke at alongside fellow speaker, Roger Vandomme, within this webinar AML was a key theme. The discussion revolved heavily around what anti-money laundering (AML) efforts look like, and the complexities in sifting through vast data volumes, data quality and identification in an effort to make their findings ‘explainable’.