The Know Your Client (KYC) platform, which will allow banks to spend fewer resources on analyzing each client from the point of view of anti-money laundering legislation. Ilya Yasinsky, Director think about the structure of the Financial Monitoring and Currency Control Department of the Bank of Russia, spoke in more detail about the KYC platform.
— What is the main goal of implementing the centraliz platform “ZSK” in financial institutions of the Russian Feration? What are the main principles underlying the development of the centraliz platform “ZSK”?
The schemes of dubious transactions
are constantly being modifi and complicat. Many of them are implement simultaneously in several financial institutions. The level of preparation of the organizers of dubious schemes, both from the technical and legal side, is now very high. All this increases the financial and labor costs of banks, which are necessary to maintain the work of IT systems and compliance department analytics at an acceptable level.
Additional difficulties arise for banks with the timely and why churches ne digital marketing correct qualification of individual transactions of clients who combine real business and the withdrawal of funds into shadow circulation.
As a result, banks are increasingly forc
to contact clients and request explanations and large amounts of information and documents from them. This has a negative impact, including on conscientious clients, who are forc ao lists to explain the economic content and feasibility of transactions.