Hamburg, May 25, 2020
Hamburg, May 25, 2020
CRIF BÜRGEL is cooperating with CURENTIS AG and intends to increase the quality of efficient KYC processes and set new standards in the prevention of money laundering together with CURENTIS. The consulting company is a specialist for bank regulatory reporting, financial crime prevention and IT compliance and complements CRIFBÜRGEL's comprehensive customer identification services in the area of special and exceptional cases of corporate customer onboarding
"It doesn't matter whether someone opens a new account, buys a property or a painting - according to the 5th EU Money Laundering Directive, his counterpart has to make sure that the money for this does not come from illegal sources and that the identity of the customer is verifiably documented", says Dr. Frank Schlein, managing director at CRIF BÜRGEL. The companies have to provide evidence for every new customer who it is, who is behind the company, who the persons acting are and what interrelationships exist. Real estate agents, art and precious metal dealers, but especially banks are legally obliged to do so in order to prevent money laundering and the financing of terrorism.
Read more on crifbuergel.de
