Compliance Coverage

KYC360° has been custom-built for the financial service industry, and has been specifically designed to support the compliance function.

The tables below summarise how KYC360° supports the compliance processes mandated by the Financial Action Task Force's Risk Based Approach to Combating Money Laundering and Terrorist Financing Guidelines.

Process	Supported by KYC360°
The risk-based approach should be based on an assessment of the threats
Identify appropriate information to conduct a sound risk analysis
Should be information based on fresh and accurate information

External Risks	Supported by KYC360°
Country / Geographic: Political, Legal, Civil Society Economic Structure
Business Sector
PEP / Customer
Reputation / Behaviour

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