KYC and Technology

That Technology is becoming increasingly unthinkable in the KYC process is not news. Nor for the Financial Action Task Force (“FATF”). FATF wrote several guidance papers in 2021 and 2022 to provide insight into current “practice” and to promote the use of this Technology.

In the March Newsletter, the VCO already announced that Eddy van Rooijen, Jean Jacques Bisterveld and Michelle Fisser wrote an article addressing:

• So what does FATF say and where are the challenges?
• Technology terminology in “Jip and Janneke” language
• Some tips and the practical application of this Technology to the KYC Client life cycle.

The article was written in collaboration with NOREA, the professional organization of IT Auditors.

Read the article here! (in Dutch)