By PAUL O’DONOGHUE, Senior Correspondent
FOR years, know-your-customer (KYC) has largely been treated solely as a one-time exercise, with financial institutions pouring money into onboarding.
The EU’s new Anti-Money Laundering Regulation (AMLR) is pushing firms towards a very different model – one where a one-time check is no longer enough.
In this new webinar, AML Intelligence and Shufti will explore how firms can move from one-time KYC towards a more continuous approach to customer due diligence (CDD).
Our expert panel will also explore the key question – is perpetual KYC realistic, or operationally impossible at scale?
You can register [HERE].
The webinar will take place on 18 September at 9:00am EDT / 3:00pm CEST / 2:00pm BST.
The conversation will explore how the AMLR will push companies to implement ongoing monitoring and behavioral indicators to prevent financial crime.
It will cover three key areas:
- Continuous CDD , such as what triggers a re-check
- How companies should monitor their ‘back book’ existing customers
- The vendor chain – the benefits of outsourcing KYC, but also the accountability risks
Additionally, the webinar will cover practical next steps for financial institutions. It will also feature tips for how to carry out self-assessment and cost modeling exercises.
Finally, the session will finish with an open discussion and audience Q&A, allowing participants to speak with panelists.
Find out more information [HERE].
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