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Know your customers for the purpose of preventing and combating money laundering

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dc.contributor.author Golban, Artur
dc.date.accessioned 2021-03-08T16:20:10Z
dc.date.available 2021-03-08T16:20:10Z
dc.date.issued 2019
dc.identifier.citation Golban, Artur. 2019. "Know your customers for the purpose of preventing and combating money laundering". Lucrări Ştiinţifice USAMV - Iaşi Seria Agronomie 62(2): 23-26.
dc.identifier.uri https://repository.uaiasi.ro/xmlui/handle/20.500.12811/360
dc.description.abstract It is very important for a financial institution to know its customers: their main type of activity, the countries where they conduct business, their links with politically exposed persons, their partners, etc., in order to avoid the implication of the Bank in schemes of money laundering which can cause reputational risk and fines from authorities. The purpose of this scientific research is to highlight the importance of the process of „Know Your Customer” (KYC) for financial institutions during the stages of money laundering process, to identify the risks of non identification the customers, to present the risks connected to the customers from sanctioned countries in order to elaborate a strong anti-money laundering (AML) program, adopting prudent and healthy banking practices. en_US
dc.language.iso en en_US
dc.publisher “Ion Ionescu de la Brad” University of Agricultural Sciences and Veterinary Medicine, Iaşi en_US
dc.subject know your customer en_US
dc.subject identification en_US
dc.subject anti-money laundering risk en_US
dc.subject sanctions en_US
dc.subject AML program en_US
dc.title Know your customers for the purpose of preventing and combating money laundering en_US
dc.type Article en_US
dc.author.affiliation Artur Golban, The State Agrarian University of Moldova
dc.publicationName Lucrări Ştiinţifice USAMV - Iaşi Seria Agronomie
dc.volume 62
dc.issue 2
dc.publicationDate 2019
dc.startingPage 23
dc.endingPage 26
dc.identifier.eissn 2069-6727


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