NIA Article 32 Simplified | Rule 2: Know Your Customer
Sanctions KYC asks a different question from AML KYC: who is really behind the relationship, could a designated person benefit, and does the 50% rule apply?
Clarity and judgement for professionals who need more than just regulatory updates.
Sanctions KYC asks a different question from AML KYC: who is really behind the relationship, could a designated person benefit, and does the 50% rule apply?
When people think about sanctions risk, they often picture banks processing international payments or multinational trading companies dealing with restricted jurisdictions. However, the SMB's Article 32 guidance makes it clear…