Customer Assessment Emerges as Regulatory Priority in Asia-Pacific
Firms increasing focus on anti-money laundering and know-your-customer requirements, Wolters Kluwer advisor says
Implementation of risk-based assessments of customers and a push to better establish ultimate business ownership are emerging as major regulatory compliance trends in the Asia-Pacific region, according to an anti-money laundering (AML) advisor at risk and regulatory technology provider Wolters Kluwer.
"There will likely be a further burst of regulatory change as fintech moves into the mainstream," says Michael Thomas, Shanghai-based senior advisor for anti-money laundering at Wolters Kluwer
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