The costs of onboarding fraudulent businesses are crystal clear. In 2022 alone, banks and financial institutions were fined nearly $5 billion for anti-money laundering (AML) infractions, with noncompliance fines from Know Your Business (KYB) regulations surging by 50%.  What’s less obvious, however, is the return on investment (ROI) of business verification solutions. Beyond circumventing noncompliance fines, business verification services […] The post Calculating business verification ROI: A step-by-step guide appeared first on Markaaz.

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