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Compliance in Asian Wealth Management Forum 2020 - Exclusive Insights - Damian Hitchen - Swissquote - 1

Damian Hitchen of Swissquote

Jan 24, 2020

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1. What are the challenges Compliance face during client on-boarding with the Banks?

Video transcript

1. What are the challenges Compliance face during client on-boarding with the Banks?

We're obviously facing increasing challenges from a compliance perspective, whether it be onboarding the client initially, whether it'd be transaction monitoring, ongoing due diligence. A key part of that is clearly technology. But when it comes to technology, it's important that compliance are involved in that process as well. Because a software program doesn't necessarily solve all the problems; you need to be able to put the outputs you require into the software, so compliance working with the IT project team to make sure that whatever comes out of a new piece of technology, from a compliance perspective, is fit for purpose.

 

 
 
 
 

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