Remove Crime Remove Monetary Loss Remove White Collar Crime
article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

That’s a lot of money being exchanged—and also provides a huge amount of possibility for financial crime. Financial crime can take on several faces, including (cyber) fraud, cryptocurrency scams, and money laundering—and companies offering financial services can lose out on serious bucks. billion for its role in financial crime.