Webinar Replay

Webinar Replay: Perpetual KYC – a myth or a must?

KYC
October 28, 2021

In recent years there has been a lot of talk about Perpetual KYC and while regulated firms are keen to move away from the inefficient, costly and time-consuming periodic review processes, very few of them have made much progress with reducing this burden.

Due to recent legislations and the huge cost of AML/CTF breaches, it is now imperative to monitor changes to customer circumstances on an ongoing basis. As everything changes, including the companies regulated firms do business with, potential business risks can arise from status and event changes of existing customers.

For most companies the high resource burden of manual KYC refresh means infrequent, periodic or non-existent checks. Banks typically prioritise their 1 year review cycles for their high-risk customers but hardly ever complete their 3 and 5 year cycles for medium and low-risk customers respectively.

Watch our webinar replay to learn about:

  • the potential benefits and challenges associated with adopting Perpetual KYC
  • the obstacles to transition away from periodic reviews
  • how close is the financial world to achieving Perpetual KYC?
  • ways to obtain relevant and legally authoritative documentation to support your client data

Panellists:

Nikhil Manek, MLRO and Director, KPMG

David Pelled, CEO, MLROs.com

Watch the on-demand version of the webinar!
Build your Customer Due Diligence and KYC processes on a robust foundation with Kyckr.

Make data work smarter, not harder.

Request a Demo
Newsletter Sign Up
Book a Demo
Talk to us
LinkedIninfo@kyckr.com
Registry Portal Pro
Registry Portal Basic
Registry Portal Essentials
Request API Key
Newsletter Signup
Whitepaper: AML Fines Report 2021
Ebook: The Future Of Financial Crime
Research Paper: Voice of the KYC Compliance Professional
Whitepaper: Corporate Onboarding: will it become a competitive differentiator for banks in a real-time world?
Research Paper: The State of Customer Onboarding in Corporate Banking
Whitepaper: Overcoming the Limitations of Company Registries to Enhance KYC Efficiency
Whitepaper: AML Bank Fines 2020 Report
Whitepaper: Impact of the European Union’s 5th AML Directive
Leverage cutting edge technology to automate customer onboarding
Moving from Periodic to Perpetual KYC
Unleash the power of primary source data & automate customer onboarding
Primary source data, the true foundation of regulatory compliance for Legal Firms
Primary-source data, the backbone of streamlined, “zero-touch” onboarding for Payment Providers
Spotlight on company registries in the wake of the FinCen Papers
Spotlight on US Company Registries
Spotlight on Ultimate Beneficial Ownership
Spotlight on APAC Company Registries
Spotlight on Company Registries in Offshore Jurisdictions
How can automation enhance your KYC and Onboarding Process?
Perpetual KYC – a myth or a must?
Spotlight on 2021 AML Fines
How to Future-Proof your AML/KYC processes with the help of RegTechs?
Webinar Replay: How to overcome the challenges associated with UBOs?
Spotlight On Entry Verification
Registry Portal Enterprise
AMLFines_ReplayRequest_FORM
Replay
Webinar Replay
Book A Demo