Kx Insights: Holistic surveillance model for KYC and AML compliance
21 Jun 2018
Regulatory pressures are driving banks to update their existing Know Your Customer (KYC) and Anti-Money Laundering (AML) practices globally. Some may ask why banks are just now addressing these compliance issues regarding the information received from existing and potential clients and sub-clients, since the need to do so has existed for years. The answer is simple - reputation and regulatory audit findings.