White paper: Managing Sanctions Compliance in a Global Economy Part 3
In today’s global economy, opportunities for growth are often accompanied by an increasingly complex landscape of rules, regulations and compliance issues. Since compliance is now a component of everyday business operations, businesses must employ a strategic, holistic program with several key components, including customer risk profiling.
CSI’s Sanctions Compliance: Implementing Customer Risk Profiling white paper examines the compliance challenges companies face, possible technology solutions and recommendations for success. While customer relationships are essential to business, one illicit customer can lead to serious consequences or penalties for organizations. That’s why customer risk profiling—the verification of a customer or vendor’s identify and ensuring it is prudent to engage them in business— requires the creation and enforcement of consistent processes across an organization.