Keeping up with global regulatory requirements has been no easy task for banks across the globe. Anti Money Laundering (AML), Know Your Customer (KYC) and Know Your Customer’s Customer, Vendor, Counterparty, etc. (KYC) regulation are enforced by many different countries at many different levels of requirements. Chief Compliance, Risk and BSA Officers are all too familiar with the extensive regulations — US PATRIOT Act, FATF, FinRa, CFT Etc. that need to be enforced at Onboarding and Ongoing as part of a robust KYC program. As regulations continue to evolve, and regulators become more demanding, FI’s are accumulating more and more data about their customers, making sense of the data and having it “tell a story” is another story. Yet focusing on a common party based network

Join for free to read