The term Perpetual KYC (P-KYC) has taken off in the last 12-18 months, but what is it? Most firms currently take a snapshot view of due diligence in a traditional 1-, 3- or 5-year periodic review cycle, occasionally layering daily screening of particular elements. Full P-KYC involves consistent monitoring of all external and internal triggers than may impact risk
In this video, our subject matter expert Neil Isherwood outlines the P-KYC operating model, advantages of the approach and challenges of transitioning.
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