Icon_Webinar [SeeSaw]_2021 WHITEPAPER

Trends in financial crime compliance

What do they mean for KYC in 2023?

The evolving regulatory environment is a continuous challenge but, in 2022, not only did the rules and frameworks change, the underlying expectations of their application and enforcement did too.

Increased technological adoption and the focus on efficient and adaptive processes is itself a focus point in regulatory compliance, meaning that process automation and perpetual KYC (pKYC) are converging with reality.  

This paper reflects on the mega-trends of 2022 and how they have created an even more urgent need for KYC automation and transformation in 2023.

Key learns in the whitepaper

  • The volatile and complex world of sanctions
  • Challenges in maintaining compliance and the role of KYC transformation
  • Regulatory pressure, shell companies and UBOs
  • Perpetual KYC (pKYC)
  • What to expect in 2023

About the writer

Dr Henry Balani | Global Head of Industry & Regulatory Affairs, Encompass

Dr Henry Balani

Dr Henry Balani is a noted industry thought leader and commentator on Regulatory Compliance issues and trends affecting the financial services industry. As a published academic, Dr. Balani also lectures on international business, economics, and regulatory compliance courses globally.

Dr. Balani holds a Doctorate in Business Administration from the University of Wisconsin, an M.B.A. from Northern Illinois University in the USA, and a B.S. in Economics from the London School of Economics.

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