Detecting, disrupting, and deterring financial crime and disentangling complex business networks is never an easy feat, but the past year brought a host of unique challenges.

From crypto meltdowns to Russian sanctions headaches, one theme was common across financial crime risk management: strong know your customer programs reduced exposure to the riskiest markets and allowed some financial institutions to thrive where others struggled.

This has been especially true in the burgeoning world of fintechs, ranging from neobanks to emerging payments firms to the crypto world. 2022 was the year that the old saying “compliance is a competitive advantage” proved vividly true for this sector.

In this episode of the Financial CrimeCast, ACFCS is joined by Keith Berry, General Manager, KYC/KYS at Moody's Analytics, to examine how strong KYC/CDD is affecting firm’s abilities to adapt and grow in disruptive times. We’ll review some of the biggest pressures on KYC programs in the past year, how fintechs in particular have responded, and look ahead to what it takes to innovate in KYC/CDD as the industry shifts to a “real-time” model.