Know Your Customer (KYC)
Effective KYC processes are the backbone of any successful compliance and risk management programme, and the demands of meeting KYC obligations are intensifying.
In an increasingly global economy, financial institutions are more vulnerable to illicit criminal activities. Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.
[DOWNLOAD] Solving the KYC Conundrum
This white paper delves into the difficulties treasury teams face as a result of KYC requests and explores the impact on their operations and banking relationships.