What is the red flag in AML KYC?
Red flags that entities need to look out for while conducting the KYC process include:
• Inconsistencies in the KYC information provided
• Reluctance to provide information
• Customers are from high-risk jurisdictions
• Adverse media check provided negative results
• The customer has a cash-intensive business
• The customer is a politically exposed person
Check out this article to learn more about red flags in AML KYC: