This on demand 12-minute webinar discusses two foundational components of the customer identification processes—ID validation and verification.
Each are important.
And both are necessary to have an effective customer identification program.
As regulations tighten and financial crimes become more sophisticated, compliance companies need to adopt more sophisticated customer identification and KYC processes to remain compliant and protect against risk.
But this also comes with challenges when organizations still need to ensure they are providing seamless and secure customer experience.
This webinar explores:
Compliance requirements Most regulatory regimes, particularly those where the country is a member of FATIF, have compliance requirements for customer identification.
Reasonable belief What is reasonable belief, whereby the regulated entity must form a reasonable belief it knows the true identity of the customer.
True identity How do we navigate that path?
Validation and verification What’s the difference?
Identity risks and mitigation What are the risks in identity validation and verification and what risk mitigation steps can we take?
ID validation and verification processes What a typical process looks like.