Financial Crime World

Complying with AML KYC Regulations in Wallis and Futuna

In today’s digital age, financial institutions are faced with numerous regulations and compliance requirements. Among these, Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations are crucial to prevent fraud and ensure transparency in financial transactions.

The Importance of AML KYC Regulations

Financial institutions must comply with AML and KYC regulations to prevent fraudulent activities and maintain the integrity of the financial system. Thomson Reuters Risk & Fraud Solutions provide end-to-end tools to help financial institutions combat fraud and comply with these regulations in Wallis and Futuna.

Challenges in Complying with AML KYC Regulations

Recent statistics highlight the challenges faced by financial institutions in complying with AML and KYC regulations:

  • 58% of organizations are “somewhat” confident in their current data provider, indicating a need for reliable solutions.
  • 46% of respondents reported difficulties in complying with new beneficial ownership requirements.

How Thomson Reuters Can Help

To navigate these challenges, financial institutions can rely on Thomson Reuters Risk & Fraud Solutions to:

  • Validate identities
  • Screen for risk
  • Assess risk
  • Monitor risk
  • Investigate concerns

Our solutions provide trusted data and expert insights to help organizations stay ahead of emerging trends and regulations.

Expert Insights and Trusted Data

Thomson Reuters Risk & Fraud Solutions provide end-to-end tools to help financial institutions comply with AML and KYC regulations in Wallis and Futuna. Our solutions are designed to streamline onboarding, risk assessment, and investigations of new, potential, and existing clients.

Request a Consultation Today

For more information on how to comply with AML KYC regulations in Wallis and Futuna, download our 2022 AML Survey results or request a consultation today.

Note

Thomson Reuters is not a consumer reporting agency and none of its services or data contained therein constitute a “consumer report” as defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.