How PEP Sanction Screening Software Supports Anti-Money Laundering Efforts
One of the primary ways PEP sanction screening software supports AML efforts is by enabling enhanced due diligence (EDD) processes. Financial institutions are required to conduct thorough background checks on PEPs to assess the risk they pose. PEP sanction screening software automates this process, allowing institutions to efficiently identify and verify the status of PEPs within their customer base.
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