Structuring the Unstructured: The Challenges of Screening Open Source Intelligence

By Hugo Chamberlain
On: 30 March, 2023,
Categories: Adverse Media, AI, AML, Continuous Monitoring, Explainable AI, GDPR, KYC, Onboarding

KYC (Know Your Customer) screening is an essential process for businesses to identify and verify their clients’ identities as well as surfacing any potential risks associated with them. This process helps mitigate the risk of financial fraud, money laundering and other illegal activities by following KYC regulations. The information gathered during KYC screening can come from various sources, including both structured and unstructured data sets; processing these data sets presents several difficulties that businesses must overcome.

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