Each of these initiatives prescribes new monitoring and validation criteria with little alignment and few common standards between them. Getting your KYC systems working well can be a huge source of competitive advantage over the coming years, enabling you access to a much broader customer base (the high risk), please regulators (you’re compliant), customers (you are efficient) and your board (reputation and fines).
Complying with each new rule is not an impossible task, but making sense of thirty or so requires standards. JWG help firms overcome the challenges of managing KYC reform through:
RegDelta KYC instance
Provides a golden source catalogue of 40+ global legislative initiatives and analyses and tags at foot-note level over 500 counterparty data fields.