Screening
Screening, is a process used by businesses and financial institutions to verify the identity of their customers and assess the potential risks of illegal activities such as money laundering, fraud, and terrorist financing. KYC screening is an essential part of regulatory compliance and is typically required by law in many countries.
KYC Provider Reconciliation Report
The KYC Provider Reconciliation report helps compliance users compare Privork screening records with the active KYC provider. It checks Contacts, Entities, and Relationships to confirm whether Privork and theprovider agree on screening status, monitoring status, and provider record names. Use this report to find records that may need compliance attention, such as records monitored in…