KYC (Know Your Customer) is the process of verifying customer identities, crucial in financial and business contexts to prevent fraud and comply with regulations. Recent analysis shows that in the Netherlands, up to 20% of bank employees serve as ‘gatekeepers’ performing Customer Due Diligence (CDD) and screening, reflecting the growing importance of compliance. With increasing volumes of money laundering and financial crimes, advanced solutions like those from Hyarchis help automate and streamline KYC and AML processes, improving efficiency and reducing risks in the evolving regulatory landscape.

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