RCA Screening in AML software
In the battle against financial crimes like money laundering, bribery, and corruption, Anti-Money Laundering (AML) software plays a pivotal role. Among its core functionalities, screening for Politically Exposed Persons (PEPs) is essential for identifying high-risk individuals. However, focusing solely on PEPs is not enough. Financial institutions must also consider Relatives and Close Associates (RCAs) of […]