Background
The modern world is increasingly striving to remove anonymity
from financial circulation. It is almost impossible to find
"bearer" accounts at banks and to be able to open bank
accounts, without proving both identity and address.
Knowing who your customer is, to enact protocols to prevent
financial crime is an ongoing challenge for financial institutions
and fund management companies.
Regulations for Financial Institutions
Significantly, institutions such as fund management companies
must comply with complex regulations for customer identity
verification called Know Your Customer
("KYC"), and Anti-Money
Laundering
("AML").
The below article will cover why it is essential for fund
management companies, such as STAG Fund Management SCR S.A
("STAG"), to comply with KYC/AML when
onboarding investors.
