KYC requirements are not just for onboarding – they are for life. Or at least for the lifecycle of a customer’s relationship with any firm with regulatory obligations.
With the increasing focus on UBOs under the EU’s 4th and 5th Anti-Money Laundering Directives, having accurate and up-to-date information on corporate customers has never been more important. This is also typically one of the most challenging areas for financial firms to quickly update and obtain all the necessary evidence as part of the ongoing KYC review or even client remediation.
Watch our replay and learn how you can
- replace existing inefficient and potentially higher risk periodic reviews with a more dynamic, real-time process that reduces risk and customer friction
- avoid regulatory sanctions associated with poor data quality and controls
- avoid the need for large-scale remediation programmes