Posted by Brian Monroe - firstname.lastname@example.org 08/10/2022
The Building Blocks of Perpetual KYC – AI-Driven Name Science, OSINT, and More
Some try to navigate life without being accountable for a decision. Yet decision-making – about customers, transactions, and behaviors – is at the heart of the risk-based approach, and financial crime compliance professionals are asked to make dozens or hundreds of decisions a day.
With negative news, sanctions and PEP risks piling up, the pace and scale of decision-making only seems to increase. Given this rate of change, many institutions are moving away from static or periodic risk assessments to more dynamic, and therefore more useful, ongoing or perpetual know your customer, or KYC. That’s more easily said than done.
Fincrime professionals are being asked to manage this flood of decisioning in the risk-based approach, and innovate, and become more efficient, all at once. What are the ingredients for a successful shift to perpetual KYC?
Join Graham Bailey, COO of Quantifind, for an engaging conversation on the building blocks of perpetual KYC. Learn how leveraging public private partnerships for defining risk, AI-driven name science and worldwide open source intelligence can enable a risk based approach that will scale for your organization, and enhance risk coverage for all of the customer base.
See What Certified Financial Crime Specialists Are Saying
"The CFCS tests the skills necessary to fight financial crime. It's comprehensive. Passing it should be considered a mark of high achievement, distinguishing qualified experts in this growing specialty area."
KENNETH E. BARDEN
"It's a vigorous exam. Anyone passing it should have a great sense of achievement."
(CFCS, Official Superior
de Cumplimiento Cidel
Bank & Trust Inc. Nueva York)
"The exam tests one's ability to apply concepts in practical scenarios. Passing it can be a great asset for professionals in the converging disciplines of financial crime."
(CFCS, Royal Band of
"The Exam is far-reaching. I love that the questions are scenario based. I recommend it to anyone in the financial crime detection and prevention profession."
(CFCS, CAMS Lead Compliance
Trainer, FINRA, Member Regulation
Training, Washington, DC)
"This certification comes at a very ripe time. Professionals can no longer get away with having siloed knowledge. Compliance is all-encompassing and enterprise-driven."
CFCS, CAMS, CFE, CSAR
Director, Global Risk
& Investigation Practice
FTI Consulting, Los Angeles