Customer Due Diligence (KYC); Reliable Information Sources

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Firms and professionals who are covered by AML and Coutner Terrorist Finance (CTF) are encouraged to look for adverse media reports to help monitor their ‘know your client’ (KYC)profiles and to use typologies as the basis for risk review /red flag identification.

The most excellent financial crime journalist, Helen O'Gorman, is currently working in Asia and has started an excellent blog. Financial Crime Asia: Typology or Rumour Mongering

The above link is a very useful article on some of the advanatges and pitfalls of using the web to supplement your knowledge of your clients activites, alleged or otherwise.

BTW, Helen's articles are always worth following as a reliable source.

All the best

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