Norkom launches customer due diligence system
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Norkom Technologies launches its new risk-based customer due diligence (CDD) solution designed to enable financial services organizations' to effectively comply with today's stricter and more stringent worldwide 'Know Your Customer' regulations as outlined in the US PATRIOT ACT, the 3rd EU Money Laundering directive, Australia's AML/CTF Act, the OFSI B8 guidelines and the FATF 40 recommendations.
Norkom's new offering is an end to end CDD solution with tailored risk- based methodologies that differentiate low and high risk customers at the point of account opening. This enables organizations to focus attention on verifying and validating higher risk clients while allowing business to commence quickly with lower risk customers.
