· Amit Kothari
· Workflow and BPM
Know your customer KYC and why it breaks without process
KYC verification, mandated by the USA Patriot Act and enforced by FinCEN, protects financial institutions from fraud and money laundering. With SAR filings surging 51.8% between 2020 and 2024, repeatable compliance processes are not optional. Process comes first, then automation.