CDD-X: More Intelligence, Less Work
A strong AML program starts with KYC/CDD
Processes for Know Your Customer (KYC) / Customer Due Diligence (CDD) are steadily taking a large bite out of overall Anti-Money Laundering program costs – 60% of the total spend, to be exact. As the AML regulatory landscape evolves and the bad actors become more sophisticated, compliance teams need a solid AML program that meets these changing requirements, while curbing costs.
Download the eBook to learn how to take back your money and your time, starting with a strong KYC/CDD to prevent overall AML program deficiencies in the future.
In this eBook, you’ll learn how:
CDD-X complements transaction monitoring with better client risk attributes and enables integrated watch list filtering to screen and risk score all related parties.
Using technology advancements instead of more people will help managers strike the right balance of headcount and Financial Crime & Compliance Management (FCCM).
Intelligent automation, AI and machine learning, combined with KYC/CDD domain expertise, create operational efficiencies and a holistic view of customer risk relationships