Know Your Customer (KYC)
Welcome to the KYC blog page, a place to on-board information about customer identification techniques and technology advancements.
Learn more about WorldWatch Plus global risk information exchange (GRIX).
Second-generation AML/CFT performance is cloud-based and real time, delivering data far more efficiently than the first generation database model created in 2001 (and not upgraded since), says Kenneth Rijock, a financial risk programs expert. Read the full article at: rijock.blogspot.comread more
A former adviser to President Obama predicts continuity by the Trump administration in the frequent use of sanctions in foreign policy. Since 2000, there has been a nearly 300 per cent increase in sanctions programs in the US, with a commensurate increase in complexity in implementation, enforcement and compliance.read more
The Justice Department has raised the stakes on anti-corruption compliance. DOJ prosecutors expect companies to have more sophisticated and mature compliance programs that are operational and not just conceptual. Some firms have looked at AML and KYC regulations and concluded what the minimum required process might be for checking names and entities against sanctions and watch lists.read more
Unexplained increase in transfers to Estonia not necessarily suspicious, experts sayread more