Nice read, but I notice a lot of KYC workarounds which happens while you are growing. However, when you become too big, such cracks become too wide to not notice for the auditors/regulators/partner banks. It is incumbent on firms to fix them as they scale and yes retrospectively as well in cases
Nice read, but I notice a lot of KYC workarounds which happens while you are growing. However, when you become too big, such cracks become too wide to not notice for the auditors/regulators/partner banks. It is incumbent on firms to fix them as they scale and yes retrospectively as well in cases
I agree. Keeping an eye on such cracks during stages of fast growth is quite important!