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Yes, and proper KYC along with due degilence and Customer point verification can reduce AML to a great extent.
Yes, detail KYC profile reduce the AML risk to a certain extent, it helps monitoring team to understand the financial transaction and can alert Compliance dept if the team find any suspicious or unusual transactions.
KYC is the first hand documentation proof for the customer , KYC with Customer Due Diligence will enable us to identify only the AML Risk Score,(documentation and physical proofs can be manipulated) But Money Laundering can be identified and stop by monitoring account transactions keenly.
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