Podcast: Knowing Your Customer (KYC) in a Global Market

Global Risk & Investigations Practice (GRIP)

February 21, 2017

Recent headline-grabbing stories such as the Unaoil bribery scandal, the Panama Papers and the funding of terrorist groups like Islamic State have brought the issues of anti-money laundering (AML) and counter-terrorism financing (CTF) to the fore. Yet international inter-governmental body - the Financial Action Task Force (FATF) - found Australia’s AML/CTF program is lagging well behind other developed countries such as the US and UK.1 Against this backdrop of greater public awareness, a lagging compliance culture and with less than half 2 of organisations in Australia doing adequate due diligence on their customers, do you really know who you’re doing business with?

In this podcast hosted by InfoTrack – global intelligent search software provider, FTI Consulting’s Murray Lawson discusses why knowing your customer is vital to minimising risk and protecting your business and how you can actually gain a competitive advantage through implementing a strong compliance culture.

1 Source: Financial Action Task Force, Australia, Mutual Evaluation Report, April 2015
2 Source: InfoTrack, 2016

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