White Paper: Can it be outsourced? - Considerations for selecting a KYC and AML partner

Posted: 30th August 2018

Organisations that maintain heavy-handed, slow or otherwise outdated ‘know your customer’ (KYC) and anti-money laundering (AML) processes are finding themselves becoming less competitive than their peers and less attractive to potential customers.

Many firms don’t realise that KYC and AML operations, and other routine, labour-intensive processes, can be outsourced to a specialist partner, freeing up internal resources for the pursuit of innovation and customer experience. Better still, many providers are now offering managed services, taking end-to-end control of the processes behind financial crime prevention and ensuring that they exceed regulatory requirements.

Our new white paper Can it be Outsourced? will be your guide to outsourcing financial crime functions. This is the second in our short series of papers exploring various approaches to financial crime prevention. It contains advice and expert opinion from our financial crime team: Steve Elliot (Managing Director), Mark Townsley (Regulatory Affairs Manager), Linglin Song (Principal Consultant) and Priti Kerkar (Solutions Director)

Included in the paper:

• An understanding of regulatory responsibility
• The benefits of partnering with a third party
• Five key considerations that will help you select the perfect managed service

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