More than two-thirds of senior correspondent banking, compliance, and anti-money laundering (AML) professionals find collecting accurate ownership and ultimate beneficial ownership (UBO) information for KYC due diligence checks challenging, according to the annual Accuity financial counterparty KYC survey, ‘Shifting regulatory requirements and a spotlight on ownership’. As regulators across the globe pick up the pace in implementing and enforcing tighter compliance…
Unveiling UBO a pain point in KYC checks: Accuity
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