KYC/AML Verification Process Playbook

This detailed playbook provides compliance officers, legal teams, and operations teams with a structured framework for managing KYC/AML verification processes. It includes:
– Step-by-Step Process Flow: Outlines essential subprocesses such as Client Identification, Regulatory Compliance Check, and KYC/AML Approval and Feedback, with clear actions, decision points, and feedback mechanisms to ensure thorough and compliant verification of client identities and adherence to anti-money laundering regulations.
– RACI Framework: Clearly defines roles and responsibilities for each task in the KYC/AML process, ensuring that compliance officers, legal teams, and operations staff are accountable and engaged at every stage, promoting a transparent and collaborative approach to managing compliance and reducing risk.