According to the Accuity annual survey, which covered over 300 responses from KYC and due diligence professionals globally, KYC professionals are still spending a lot of time gathering key information manually.
Manual operation can lead to critical blind spots of the KYC onboarding, review and AML screening process that are often overlooked.
Within this fast-moving regulatory environment, KYC and AML professionals need to be aware of the blind spots that could jeopardise the financial crime screening process, including:
- Dynamic Risk Profiles
- Changing Regulations
- Elusive Ownership Structures