In today’s environment, KYC is increasingly important. Fraudsters keep finding new ways to infiltrate the financial system, and to a fraudster, payroll is fair game. Do you have the right tools in place to know your customers and their customers so you can fight this trend?
This webinar will cover:
- Why payroll processors and payment processors are both required to know their customers
- The difference between KYC and KYCC and how a bank’s KYC responsibilities flow down to the payroll and payment processors
- Best practices on a proactive approach to risk management
- Examples from banks and processors on what they are doing today to protect their portfolios