Debate: Incorporating KYC Risk Intelligence into the Financial Crime Operating Model

How are financial institutions integrating KYC risk intelligence into wider Financial Crime Compliance (FCC) programmes in line with regulatory expectations? What are the key considerations for firms given the recent regulatory guidance such as European’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) and FinCEN’s Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) updates? In what areas do firms need to evolve their financial crime target operating models to establish clear roles and responsibilities across three lines of defence for more effective financial crime prevention? How can firms break down data silos between FCC and KYC teams for better integration and a single view of the client? How can AI help to ensure that KYC risk intelligence remains accurate, explainable, and compliant with regulatory expectations?