Financial Crime World

Puerto Rico’s Know Your Customer (KYC) Launches Deep-Dive Analysis of Local Online Activities

The Puerto Rico KYC initiative has taken a significant step forward in bolstering customer due diligence with the launch of an advanced analysis tool capable of delving deep into the online habits of local customers.

Cutting-Edge Technology Provides Holistic View of Customers’ Digital Footprints

The enhanced system offers a comprehensive view of customers’ digital footprints, encompassing:

  • Historical internet activities
  • Device preferences
  • Location patterns

This cutting-edge technology provides businesses in Puerto Rico with valuable insights into customer behavior, enabling them to make informed decisions and mitigate potential risks.

Advanced System Detects Potential Red Flags

The advanced system is designed to detect potential red flags, including:

  • Use of burner phones
  • Virtual Private Networks (VPNs)
  • Connections to the Dark Web

Additionally, it can identify if an associated email has been compromised or if an IP address has been linked to suspicious online activities.

Benefits for Local Businesses

This groundbreaking technology offers a wealth of insights into customer behavior, enabling local businesses in Puerto Rico to:

  • Make informed decisions
  • Mitigate potential risks
  • Enhance customer relationships

As the KYC initiative continues to evolve, local companies can expect to benefit from a more comprehensive understanding of their customers’ online habits, ultimately leading to reduced risk exposure and improved customer relationships.

Conclusion

Puerto Rico’s KYC initiative has taken a significant step forward in bolstering customer due diligence with the launch of an advanced analysis tool. This technology provides valuable insights into customer behavior, enabling local businesses to make informed decisions and mitigate potential risks. As the initiative continues to evolve, local companies can expect to benefit from a more comprehensive understanding of their customers’ online habits, ultimately leading to enhanced customer relationships and reduced risk exposure.