KYC/CDD: Best Practices to Identify Emerging Financial Crime Risks

Effective and robust KYC and CDD Compliance programs are crucial in an organisation’s fight against financial crime. FATF has consistently reiterated that private sector firms need to improve their KYC and CDD standards to counter financial crime risks, and the recent update of FATF Recommendation 24 on Beneficial Ownership will require firms to rethink how they verify KYC and CDD information.