Day: March 8, 2022

Difference Between KYC and AML – Part 3

Know Your Customer (KYC) and anti-money laundering (AML) are terms often used in the same context or interchangeably. However, while they are closely related and have some overlap, they are distinct concepts. AML is a more general strategy for fighting financial crime which includes KYC as a specific application. Understanding the differences between these terms […]