The FINTRAIL and Jumio teams have been discussing why regulated businesses are expected to perform ongoing Due Diligence on clients, why it is important to remediate gaps identified, and the approach businesses should consider when performing this remediation.
In this report you will find examples of the different scenarios when you should consider refreshing your Due Diligence. It also highlights why it is important to remediate gaps and how you should seek to operationalise this process.
If you are interested in speaking to the FINTRAIL team about this or any other financial crime topic please get in touch with the team at: contact@fintrail.co.uk