Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call.
However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your business to significant commercial risk and reputational damage.
Although the future remains uncertain - one thing is for sure: remediation and period
