We have a new white paper out that summarizes what we see as the best practices in Know-Your-Customer workflow for commercial and investment banks.  Based on meetings with several dozen financial institutions over the past 2 years, we outline what we’ve concluded to be the best practices for Customer Identification (CIP), Customer Due Diligence and Ongoing Monitoring.  We found a wide range of practices and techniques in use and elaborate on the systems and methods that we believe are most effective and will stand up best to regulatory scrutiny.

Download a copy of “Best Practices in KYC for Financial Institutions

And be sure to check out Alacra’s “Periodic Table of Bank Regulations and Compliancea free, extensive and interactive tool where you will find information on many of the most commonly used acronyms in banking regulation.