The objective of KYC controls is to prevent banks from being used for illicit activities. KYC also enables banks to understand their customers and their financial dealings and manage its risks prudently. This session helps attendees explore the concepts, terminology, and processes of KYC/ CDD, and technologies that are increasingly useful to the process.
Understanding concepts of KYC/CDD and its pivotal role in fighting financial crime
Assessing client risks and detailing protocols for strengthening KYC/CDD effectiveness
Utilizing technologies to support KYC/ CDD processes and enhance data collection