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INSIGHT: ANZ’s chief Elliott wants to standardise AFC, KYC processes across region to cut costs

PROFITABILITY: "Could we share, to lower the cost, the way we run things like AML and KYC?" Shayne Elliott, Chief Executive Officer of the Australia and New Zealand Banking Group Limited said.

By AML Intelligence Correspondents ANZ’s chief Shayne Elliott has suggested it might be possible for banks in the Pacific region to standardise AFC processes services to cut costs – without relaxing risk protocols. “Could we share, to lower the cost, the way we run things like AML and KYC?” he asked. “Those sorts of things…

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