The Centre is working on long-awaited changes to Know Your Customer (KYC) rules, simplifying the process for lower-risk customers and tightening checks on higher-risk accounts. The Centre is working ...

The Central KYC (know your customer) Records Registry (CKYCRR) has made consent through OTP (one-time password) compulsory for sharing personally identifiable consumer data, adding an extra layer of ...

Swift opened its KYC registry to corporate groups on Monday, allowing them to manage and share KYC data with banking partners across the world. The initiative follows other similar products launched ...

Swift’s KYC Registry launched in 2014 and prior to September of this year, only Swift-affiliated institutions were eligible to register. Paul Taylor, head of product marketing for Swift’s financial ...

Know Your Customer (KYC) processes require banks to validate and verify primary documents as part of due diligence. Currently the market is flooded with KYC utilities that help manage these documents ...

Anti-money laundering rules present a considerable challenge to organizations wishing to do business. While certain processes need to be observed, large corporations and banks face the added cost – ...

The finance ministry has communicated revised guidelines for the Central Know Your Customer (CKYC) to all the financial sector regulators, who will issue these to their regulated entities to make the ...

The Caribbean Association of Banks (CAB) has endorsed SWIFT’s Know-Your-Client (KYC) Registry, after 45 banks in 16 countries in the region signed up to the service. The KYC Registry is a central ...