Executing Effective KYC

Failure to establish the right KYC procedures can cause inefficiencies and damage your business reputation. In this new report, we highlight six areas to consider when executing KYC in practice:

  • Checking understanding
  • Cross-team communication
  • Increased transparency
  • Technology with the human touch
  • Freeing up customer-facing teams
  • Embracing change

This is part two in a three-part series to help regulated firms establish, execute and review effective KYC.

Acknowledgements

This report was produced in partnership with The Edmund Group, with expert insight and contribution from Joshua Deeks.

 

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We are extremely proud of our growing list of customers. We take your business seriously and are excited about helping it grow.

 

PassFort is an intuitive and easy-to-use platform that allows me to prioritise and complete my tasks efficiently, collaborate with my team, and automatically create audit trails - all within one system. PassFort customer service is unmatched from what we've experienced thus far from KYC/AML tools, in terms of response time and issue management.

Rebecca Wismeg

KYC Analyst, Tide

"Currencycloud has worked with PassFort for a number of years. We have an excellent relationship and have always found the platform to be an efficient solution for customer onboarding."

Jan Philippaerts

Currencycloud, VP Compliance Operations

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