defi

Effective Anti-Money Laundering (AML) and Know Your Customer (KYC) strategies and processes are essential for financial institutions and other regulated entities. The regulatory landscape is rich with laws and enforcing agencies and organizations. As a software engineer, understanding these laws and requirements is crucial for implementing effectively compliant systems, safeguarding your organization from excessive regulatory auditing and penalization (including potentially steep fines). Key Activities Customer Due Diligence Intended to verify customer identities and assess their risk profiles, Customer Due Diligence (CDD) is critical to effective AML strategies. CDD employs systems and software providing for (1) identity verification and (2) risk…