Trade Finance Forum › Forums › Market Regulations › Compliance › What Does Compliance Have to Do with Trade Finance Due Diligence? › Reply To: What Does Compliance Have to Do with Trade Finance Due Diligence?
Know Your Customer (KYC) is one of the most important rules for international compliance. KYC involves many checks, both when a new transaction is set up and as setup of regular checks. Anti-money laundering (AML) scans are also done in real time on transactions to look for sanctions violations and possible money laundering.