Know Your Transaction (KYT) – A Rewarding Strategy For Banks To Curb/Reduce Money Laundering
Know Your Transaction (KYT) is assisting multiple sectors indebted to comply with AML and KYC compliance since the regulation has been imposed.
The aim of KYT (Know Your Transactions) is to identify potentially risky transactions to detect money laundering, corruption, and fraud. Data is very important to the KYT exercise. Examples of such data…
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