Regulators across the world are increasing their focus on fighting financial crime. The Asia Pacific is no different and the importance of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance is rising.
As regulations become stricter, the burden of meeting compliance obligations also increases for regulated firms that naturally comes with multiple challenges.
Financial institutions in the APAC region racked up more than $4 billion in penalties related to non-compliance of Anti-Money Laundering (AML), Know Your Customer (KYC) violations just in the first half of 2020.
Watch the replay and learn:
- What are the regulatory requirements in the APAC region when it comes to KYC?
- What are the main challenges associated with customer onboarding, entity verification and APAC company registries?
- How can technology help finding the required information?
- How having improved access and transparency of company information, especially UBO data, can enhance KYC initiatives?
Panellists: Oonagh van den Berg, Compliance Expert & CEO, Raw Compliance, Ficoal Dong, Co-Founder & CEO, AsiaVerify
Moderator: Myles McLaren, Head of Partnerships, Kyckr