KYC Importance: Why it is no longer just a compliance parameter?

Banks and financial institutions (FIs), dealing with complex, continuously changing and rapidly expanding KYC/AML regulations has become a way of life. As money laundering and terror financing networks become increasingly hi-tech, it is crucial for FIs to comply with regulations and spot the bad apples, while they are still early in their game.

AML4 - What’s next for the UK?

On June 26 compliance with the EU’s Fourth Anti-Money Laundering Directive (AML4) by Member States becomes compulsory. The effects of these enhanced regulations on the financial services industry will be significant, presenting increasingly more complex challenges to both consumers and merchants.