A step-by-step overview of the activities involved in each part of the compliance process can help organizations establish a clear focus of what is required of them individually, and collectively.
This infographic highlights the operational milestones for Thomson Reuters KYC as a Service.
This infographic illustrates the top three Know Your Customer (KYC) priorities investment managers must be aware of and focus on in 2016.
The absence of harmonization in guidance and expectations has led to multiple approaches and interpretations of KYC laws across the financial services industry. While a genuine desire for standardization exists, in reality variances in implementation between countries and, frequently, within a single country are significant – leading to a plethora of ongoing challenges.
A look at how the digital revolution has transformed our lives, and how digitalization has already made significant in-roads into the retail banking sector, with routine transactions being enhanced by applications like cardless and mobile payment options.
Against a backdrop of escalating costs, complex manual processes and increased regulatory scrutiny, financial institutions are required to critically evaluate their operating procedures and look to innovative technologies to retain profitability and ensure compliance with global regulations.
An independent 2017 survey discussing the real impact of global changes in Know Your Customer (KYC) regulation on corporates.
An independent 2017 survey discussing the real impact of global changes in Know Your Customer (KYC) regulation on financial institutions.
A recent Thomson Reuters survey conducted in early 2016 revealed the real-world KYC challenges experienced on a daily basis by multiple market participants operating in the global Anti-Money Laundering (AML) environment. In this report, we highlight the pertinent issues relating specifically to the USA.
Neil Jeans, head of policy and standards, client on-boarding and KYC solutions at Thomson Reuters, discusses the potential impact of the impending EU 4th Money Laundering Directive, particularly in light of a significantly reduced time frame for implementation.
Despite years of hectic recruitment activity and salary increases in the Asian compliance market, many compliance professionals are disillusioned and do not feel valued. This article looks at the factors behind this.
The risk of money laundering in correspondent banking and trade finance has become a particular concern for financial institutions in Singapore following amendments made by the Monetary Authority of Singapore (MAS) to Notice 626, officials have said. This article looks at what that means.