Equiniti KYC Solutions Highlights Efficient KYC and CDD to Combat Terrorist Financing and Human Trafficking at ACAMS

Tue 18 Apr 2017

Equiniti KYC Solutions sponsored ACAMS' 22nd Annual International AML & Financial Crimes Conference in Hollywood

Amsterdam, Netherlands and New York, New York

Equiniti KYC Solutions sponsored ACAMS’ moneylaundering.com 22nd Annual International AML & Financial Crimes Conference in Hollywood Florida in April 2017. Terrorist financing, human trafficking and verifying ultimate beneficial ownership were clear priorities at the conference.

Laundering funds for the purpose of terrorist financing or human trafficking is an activity no financial institution wants to be associated with. Global money laundering is estimated at as much as $2 trillion dollars according the United Nations. Equiniti KYC Solutions sponsored the Association of Certified Anti-Money Laundering Specialists (ACAMS) April’s event to highlight the importance of strong Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) to combat a range of financial crimes including terrorist financing and human trafficking.

“Knowing your customer is the first step in combating terrorist financing, human trafficking and other financial crimes” says Patrick Ryan, CEO of Equiniti KYC Solutions. “The key is to identify bad actors early while not creating a burden for good customers.” The agenda at ACAMS 22nd Annual International AML & Financial Crime Conference reflected the importance of a strong Know Your Customer program in combatting these financial crimes. “There is no silver bullet when combatting heinous crimes such as human trafficking and terrorist financing, a strong KYC program accurately identifying ultimate beneficial owners (UBOs) sets financial institutions up to both comply with regulations and disrupt the networks that allow these crimes to occur” says Ben Knieff, Principal of advisory firm Outside Look.

Equiniti KYC Solutions’s “KYC-as-a-Service” solution enables financial institutions to efficiently onboard customers, manage risk reviews and remediate issues in their portfolios by combining people, process and technology. With a staff of experienced native language speakers in 32 languages from 36 countries and a cloud based software solution, Equiniti KYC Solutions can assist financial institutions in managing complex international customer relationships and customer due diligence (CDD) reviews. “Pairing talented, motivated and experienced professionals with state-of-the-art adaptable software formalizing an institution’s policies improves compliance while greatly reducing operational costs” according to Equiniti KYC Solutions CEO Patrick Ryan.

Equiniti KYC Solutions is proud to sponsor ACAMS’ 5th Annual AML Risk Management Conference in New York, NY and ACAMS’s 13th Annual AML & Financial Crimes Europe in London, UK conferences coming up in June.

For more information or to meet with Equiniti KYC Solutions experts onsite please email to info@equiniti-kyc.com.


About Equiniti KYC Solutions PLC:

EQUINITI KYC Solutions is part of the London Stock Exchange Premium-listed EQUINITI Group. EQUINITI is a specialist in providing technology led solutions within complex, regulated markets, including services directly regulated by the UK Financial Conduct Authority.