Overcoming KYC challenges: solutions for international financial institutions
In recent years, the financial industry has been under increased scrutiny from regulatory bodies worldwide, resulting in the imposition of stricter Know Your Customer (KYC) regulations. For international financial institutions, complying with these regulations has proven to be challenging due to the varying requirements and practices in different jurisdictions. This article explores the KYC challenges that international financial institutions face and outlines some of the solutions they can adopt to overcome these challenges.
