A recent Accuity KYC survey revealed that 75 percent of compliance and
correspondent banking professionals have encountered added complexity in
interpreting local legislation and 68 percent are suffering from a lack
of skilled staff. With the cost of compliance also still a major
challenge, financial institutions are looking to new technology to
provide the answer read more
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A Guide to PEP and Sanction Checks
If you own or work for a business that must comply with “know your customer” (KYC) and anti-money laundering (AML) regulations, then odds ...
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If you own or work for a business that must comply with “know your customer” (KYC) and anti-money laundering (AML) regulations, then odds ...
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In 2001, FinCEN implemented KYC, or know your customer regulations, as part of the Patriot Act. These requirements are intended to be coun...
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Detection, deterrence, and money laundering prevention require the following on every AML checklist for banks: 1. AML requires an anti money...
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