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