Today’s business world is quite different from that of even a decade ago, with the ever-changing landscape associated with business regulations and compliance issues demanding a full measure of care and attention.

KYC or ‘Know Your Customer’ is a process which almost every one of us will be subjected to at some point in our lives.

The Increasing Need for Vigilance The banking sector is very vulnerable to money laundering. Money launderers may be terrorists, drug traffickers, arms dealers, or other criminals

Know Your Customer (KYC) compliance programs are a regulatory requirement in the iGaming industry to safeguard against risk. Fake user profiles and the illicit laundering of funds are commonplace, and so it is essential for businesses to know their customer base to prevent fraudulent activity.

Investing in the necessary evil. It is so difficult to start; the world is full of great businesses being put on pedestals as great tokens of success. Apple’s cool gadgets making billions and gazillions….Facebook’s ability to inform and misguide the world with “friends updates” and some rather trendy “fake news”. Google’s super algorithms than can do anything and find whatever you want, subject to being bombarded with marketing, spam and having your life read and interpreted for marketing purposes (did we say you have to accept cookies to read this?).

QGEN can be your compliance concierge partner from planning right through to execution. What does it really mean ‘to outsource your KYC/KYB and have it offered as a managed service…’? It should mean that you have undergone a rationalised thought process where your conclusion is “I NEED THE BEST HELP I CAN HAVE FOR MY BUSINESS”.