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Stodacom hired by major African banks for KYC

Stodacom hired by four Africa's major banking institution for KYC know your customer services a move supported by company executives.

Oct. 24, 2011 - PRLog -- Stodacom a Ugandan based investigative agency were last week awarded contract by major banking institutions in Africa, to conduct their KYC services which has been lacking in all major banks. According to Stodacom director Mr. Musika Stodart he welcomed the move by the institutions in the emerging markets. " Banks in Africa have been labeled as the major source of money laundering and corrupt practices, but with our company jumping in investors from around the world will gain 100% confidence to invest on the continent." KYC is where institutions verify and identify source of their clients money and a verify their clients, this helps these companies from heavy penalties in case of any wrong doing. Stodacom will be doing this from all African countries.Stodacom is believed to be the first African company to offer such services for African banking sector. The move will heavily cut terrorism and drug money on the African continent, with all data under clear check no unwanted monies will be leaving or entering the continent, government corrupt officials over seas deals will be hugely minimized and save tax payers money. The company announced this from Nairobi kenya at the launch of the company bureau that will be monitoring it's KYC department.

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Established in 1999. Stodacom have been providing a professional, discreet, highly effective and affordable Investigative solution to the World. Business investigation,Trace for missing persons, fraud Investigation,cheating spouses,among

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Source:Stodacom team
Location:Kampala - Kampala - Uganda
Tags:Business, Investigations, News, World, Kyc, Corruption
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