Thomson Reuters 2017 Global KYC surveys attest to even Greater Compliance Pain Points
Increasingly protracted, complex and costly processes associated with Know Your Customer (KYC) compliance and record-keeping underscore the challenges expressed by equally-sized pools of about 1,100 financial institutions and their corporate customers in response to the latest pair of independently-conducted Thomson Reuters surveys. As was the case in 2016, while financial firms have continued to invest significant resources in KYC, the compliance issues and concerns both they and their
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