I’m talking KYC, not KFC
KYC, while sounding a bit like the well-known brand KFC, is an important aspect of what our financial institutions and wealth management companies should be doing as it is a key ingredient to detecting and preventing money laundering worldwide. KYC stands for Know Your Client and is highlighted in Canada’s anti-money laundering legislation and banks like […]
Red Flags to Look Out For
Whether it is the financial institution or the client that may become a victim of a scam when a fraudster is employing a deceptive scheme to remove them of their money, there are a number of red flags that you need to be looking out for from preventing one happening in the first place. Here is some key information in this […]
LP Financial places utmost priority on clients
A successful Manitoba-based wealth management company shows how all leading financial institutions should be taking responsible and responsive steps in keeping with current legislation, regulations, and the prevalence of devastating fraudulent scams to protect the wealth of their clients. If promoting and offering wealth management services Manitoba financial institutions including our banks and credit unions should be making the same […]
March is Fraud Prevention Month
March is national Fraud Prevention Month, so there will be a lot of attention and focus placed on fraud and fraud awareness. You will find a plethora of good information from many sources around what you can do to prevent becoming a victim of fraud. One such resource which is very helpful in this regard […]