R3 works with member banks on shared KYC service based on distributed ledger technology LeapRate

November 10, 2016 BY admin

R3 works with member banks on shared KYC service based on distributed ledger technology

Financial innovation company R3 and ten of its consortium member banks have successfully developed a proof-of-concept for a Know Your Customer (KYC) registry that addresses the challenges associated with satisfying regulatory requirements and allows identities to be managed by their owners. BBVA, CIBC, ING, Intesa Sanpaolo, Natixis, Nordea, Northern Trust, Société Générale, UBS and US…

September 28, 2015 BY Mike Fox

Caribbean Association of Banks endorses SWIFT’s KYC Registry

SWIFT's KYC Registry gains momentum amongst Caribbean banks.

May 29, 2015 BY Maria Nikolova

OANDA addresses customers on AML procedures

Amid account freezing plaguing the work of Plus500, OANDA admits that AML procedures can create friction in the client on-boarding, funding and withdrawal processes.

April 29, 2015 BY Andrew Saks-McLeod

Just what constitutes net worth? NFA cites associate who included valueless items as client assets

Associate of introducing broker GFET, Harmik Iranossian allegedly estimated a prospective customer's net worth at around $18,000 when, in reality, the prospective customer was insolvent

Tag: know your customer