Since the KYC Registry’s launch in 2014, only Swift-connected institutions have been eligible as members.
According to Luc Meurant, head of financial crime compliance services at Swift, the move will result in lower costs and greater efficiency.
“Current Registry members will profit from even broader coverage of their correspondent banking and funds distribution networks, allowing them to further consolidate and streamline their customer due diligence activities. In parallel, smaller instituti
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails