KYC360 was established in 2005 as a means of supporting MLROs facing the challenge of meeting new and rapidly evolving AML and CTF legislation. It quickly attracted a significant following from AML professionals in the finance industry, law enforcement and regulators around the world. Its membership grew steadily to 36,000 members in January 2016. By that time thousands of searches were being conducted every day on the old version of the popular customer screening tool RiskScreen.
By 2015 after the imposition of huge penalties against financial institutions for AML deficiencies and the facilitation of crime, the decision was taken that KYC360 could no longer provide its members with the support they required as a free resource. In recognition of AML having evolved into a licence-critical area of risk management, the KYC platform and RiskScreen were re-developed and significantly upgraded.
After temporarily making KYC360 membership available as a subscription service, offering the new version of RiskScreen at a discounted rate, we are pleased to reveal that the website is now free for everyone to use.
KYC360 provides professionals with the level of insight and support they require to meet the growing challenge of AML compliance in 2017 and beyond.