KYC Remediation as a Service
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. The objectives of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities.
Remediation is the process to achieve accurate data and documentation of clients. This becomes more and more important as the reassessment of the available data and information is required to determine and close the gaps with the new regulations. That is why KYC is perceived as a regulatory burden and cost of compliance has developed to unprecedented levels. This calls for an alternative to the current way of working.
Delta Capita KYC Remediation as a Service is a full service agreement including an experienced team and a dedicated technology platform. Key focus is to become KYC compliant by gathering the required data on the basis of the regulatory rulebook and report to the tax authorities.
Benefits of Delta Capita KYC Remediation as a Service are a faster and cheaper remediation process thanks to the shared expertise of 30+ banks in the regulatory rulebook, a dedicated expert team and a dedicated platform ensuring efficient processing. The end result of a compliant database will also improve operations and reporting in the future.
Find out more about Delta Capita Remediation as a Service