As the newest, ever-stringent anti-money laundering legislation enters into force in the European Union, global financial institutions, digital payments companies, money wires platforms and virtual currency exchanges should be ready to anticipate enhanced Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements in their respective jurisdictions.
The new Consult Hyperion's report AMLD4/AMLD5 KYCC: Know Your Compliance Costs, brought to you by Mitek, provides first-hand insights into the existing cost of manual and inefficient KYC checks for banks, the impact of upcoming regulation and the potential of digital identity verification technologies to meet the new compliance requirements.
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