The key to KYC? Be precise and consistent

Three compliance experts give a conference in Singapore their insights on making third-party on-boarding processes efficient and safe.
From left: Mark Gough, Sachin Singh <br /> and Thavakumar Kandiahpillai

To successfully manage on-boarding processes and relationships with third parties, companies should be practical about the amount of resources they allocate to such work, collect relevant information to make analysis easier and apply the same standards to third parties they do to their own employees in the event of suspected misconduct. This was the advice from a panel of three compliance experts at the Compliance Summit Southeast Asia in Singapore last week.

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