Faq's

CAB RISK
FAQ

GENERAL QUESTIONS

  • Money laundering is the illegal process that transforms large amounts of money generated through illegal activities, such as drug trafficking or the financing of terrorist groups, into money that appears to prove legitimate sources, such as from commercial activity and conventional business.
  • Terrorist financing is any form of economic action that provides financial support to the activities of terrorist elements or groups.
  • The difference is that with money laundering the origin of the funds is investigated, while with the analysis of the financing of terrorism, the destination of the money is identified.
  • Each economic sector is targeted and effected differently. While the effects vary depending on one’s exposure, the consequences of not having the proper controls in place presents a genuine threat to business operations and overall profit.
  • AML is the set of procedures aimed at giving the appearance of legality to goods or assets of criminal origin. In general terms, AML requires a jurisdiction in which money laundering is criminalized, with the enactment of laws to prevent it and introduce the tools for the relevant investigation.
  • One must establish a process to determine both the true identity of clients and understand the source of the client’s income. Implementing effective AML procedures allows companies to prevent criminal activity while protecting the company itself. Common AML practice involves identity/background verification, fund source verification and suspicious activity reporting to the applicable government agency.
  • Anti-Money Laundering or AML describes the activity of preventing money laundering. AML aims to investigate gains obtained illegally that appear to be originated from legitimate sources, as well as tax evasion, trafficking, and corruption, and to ensure that such activities are detected and reported.
    Know Your Customer or KYC is a process that allows understanding the credentials and background of potential customers. It is a detailed process that uses specialized software to combat and prevent financial crimes such as money laundering, fraud, and related scams.
    The KYC process protects companies and individuals from being used for money laundering or terrorism financing activities, and it helps mitigate the risk of involving individuals associated with criminal activities.
  • KYC regulatory requirements are mandatory and apply to various organizations, including banks, money services businesses (MSBs), payment gateways, real estate agents, gem traders, etc.”

About CAB RISK

You can contact us by our email address info@cabrisk.com or through Whatsapp +1 (786) 705-9940.

  • We are located in Miami, Florida.

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KYC Requests
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Our Prices

Learn about our rates and services. Access to safe and reliable information to suit your needs.

Prices for: UNITED STATES
THEY ALL INCLUDE AML SERVICES
BASIC
PREMIUM
KYC
$67
KYC
$77
KYCC
$67
KYCC
$77
KYB
$67
KYB
$77
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