Wirecard, increasing risk, and banks’ need for KYCC
Banks use KYC to obtain data on their clients for onboarding and periodic review processes - a set of protocols to assist with gaining a better understanding of the exposure to risk within a book of customers. Conducting KYC
The long road to achieving true perpetual KYC
In recent years there has been a lot of talk about perpetual (or continuous) KYC. It is a term used to indicate the industry objective of moving away from conducting painful and ineffective periodic review processes. Very few banks,
Are UBO registers making a difference?
The EU’s 5th Anti-Money Laundering Directive (5MLD) became effective on 10 January 2020. Amongst various other guidelines, it stipulates that member states must open up access to registers of ultimate beneficial owners (UBOs) of companies, also referred to as