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RIABU’s Mark Laudi and Simon Littlewood discuss whether businesses are really heeding the call to do more due diligence on their customers.
RIABU’s Mark Laudi and Simon Littlewood discuss whether businesses are really heeding the call to do more due diligence on their customers.

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Know Your Customer, and nowadays, your customer’s customer, too

KYC, or Know Your Customer, is a process businesses go through to verify the identity of their clients.

This can be a serious matter as companies that do not do their due diligence and get to the bottom of their customers’ dealings run the risk of being culpable in court if they are found to be involved in money laundering or terrorist financing.

Now, as if it is not complicated enough, banks, insurers and financial institutions are demanding that their companies provide information on their customers, and their customer’s customers, thereby extending the acronym to KYCC (Know Your Customer’s Customer).

RIABU’s Mark Laudi and Simon Littlewood discuss whether businesses are really heeding the call to do more due diligence on their customers.

Click here to listen to the full podcast.

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RIABU helps companies of all sizes – but especially SMEs – be first in line to get paid. We provide you with insights into the past payment conduct of prospects and customers, and how long they are likely to take to pay their invoices, based on the experiences of other suppliers. RIABU also helps you to get paid on time in the future, by giving you access to the RIABU Academy. There you can find expert advice, best practice guides, and peer forums to improve your policies and processes and ensure you get paid faster.

Press contacts

Mark Laudi

Mark Laudi

Press contact Managing Partner (+65) 6223 2249