Navigating Regulated KYC Requirements:

WEBINAR TRANSCRIPT 

This webinar demystified and explained in simple terms the KYC requirements for financial institutions in the United States.

Know Your Customer (KYC) requirements for FIs in the US are well-defined, independently enforced, and mandatory. These requirements are based on Customer Identification Program (CIP) rules that are rooted in laws made to protect the financial system from terror financing and other illicit activity. Compliance with CIP requires forming a reasonable belief about an identity, and having a risk-based approach with methods that are reasonable and practicable.

Key Takeaways:

  • How a good CIP program can mitigate fraud risk
  • Why eCBSV is going to be meaningful for KYC going forward
  • How you can decline someone for an inability to verify identity

Speakers:

n-h
parag-patel

Naftali Harris

Co-Founder and CEO,
SentiLink

Parag Patel

Senior Associate,
Orrick

robert-rowe
george-seeberger

Robert Rowe

Vice President & Senior Counsel,
American Bankers Association

George Seeberger

General Counsel,
1st Financial Bank USA

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