Comment from Helen Mann, Callcredit Direct.
London, UK, June 17, 2008 (PRESSbooth.ORG) -- "In the six months since its implementation, firms have dedicated more attention to their 'Know Your Client' (KYC) procedures at both the customer acquisition and customer management phases in a bid to identify potential fraudsters. We've noticed that firms who previously considered that electronic verification was either for only 'the big players' or forbidden by industry bodies have since realised that this is no longer reality. The extra depth an electronic check provides is now, slowly, being truly appreciated as a further safeguard which can significantly reduce the probability of becoming a victim of money laundering.
"However, it is clear that certain firms are still not complying with the legislation and there needs to be greater awareness of both the Directive and, significantly, of the consequences of not complying for both the individuals carrying out transactions and their employers."
Contact:
Julia Burchell
GolinHarris
Fox Court
14 Gray's Inn Road
London
WC1X 8WS
t +44 (0) 207 067 0017
f +44 (0) 870 990 5447
m +44 (0) 7970 720 329
jburchell @ golinharris.com
www.golinharris.co.uk
:: 
:: 
::
