Financial service providers operating in jurisdictions such as the Cayman Islands, British Virgin Islands (BVI), The Bahamas and Bermuda are facing increasing regulatory scrutiny. Recent legislative changes, including expanded beneficial ownership regimes and enhanced supervisory frameworks, mean that institutions must rethink outdated compliance workflows.
At the same time, regulators are becoming more receptive to electronic identity verification (eIDV) and digital onboarding. But adopting new technology is not without its challenges, particularly when it comes to integration with existing systems and ensuring adequate human oversight.
This checklist outlines the key considerations when selecting an eKYC provider, from understanding implementation timelines and regulatory alignment, to assessing platform adaptability and essential functionality.
Download the guide to explore:
- Key AML/KYC developments across offshore jurisdictions in the Caribbean
- Challenges in modernising KYC systems and how to overcome them
- Practical questions to ask providers before selecting an eKYC solution
- Insights on FATF priorities and beneficial ownership transparency reforms
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