We had the pleasure of hosting an online session on “KYC Fundamentals and Emerging Trends”, where we delved into the landscape of KYC and the emerging trends shaping the industry.

Here are some key takeaways from the webinar:
– Risk-Based Approach: Emphasizing the effectiveness of adopting a risk-based strategy to tackle KYC challenges.
– Monetary Authority of Singapore (MAS) Circular: Highlighting the importance of understanding clients’ sources of wealth.
– Technology vs. Client Relations: Striking a balance between leveraging technological advancements and maintaining strong client relationships.
– Single Family Offices (SFO) vs. Multi-Family Offices (MFO): Navigating the complexities in identifying capital sources.
– Client Privacy Rights: Addressing the challenge of balancing data privacy with the need for information sharing.

A heartfelt thank you to our panellists Henry Yu and Esther Tsang, along with our moderator Luke Tarrant who shared their valuable insights and to everyone who attended. Your engagement made this session a success.