Regulations & Financial Reform
Video: How Can Treasury Ease the KYC Burden?
Dana Laidhold, Treasurer and Principal for The Carlyle Group, explains
how treasury professionals can ease the burden of know-your-customer
(KYC) rules by working closer with their banking partners.
KYC Remains a Major Concern for Treasurers
Members of AFP’s Treasury Advisory Group (TAG) unsurprisingly name know-your-customer (KYC) regulations as one of their top concerns.
FBAR Headaches: How Automation Can Alleviate the Pain
Manual FBAR reporting is a time-consuming and detail-driven process that can take several weeks to months. As a result, many corporate treasury departments are implementing BAM or eBAM systems to automate the process of gathering, validating, and reporting data for FBAR.
Digital KYC: At the Top of the Treasury’s Wish List?
Thursday morning at the ACT Cash Management Conference, Phil John, EMEA treasury director for Mars Nederland, provided a list of “wishes” treasurers want from their banking partners. One wish in particular would be a big help to many of AFP’s treasury members—digital KYC.
Bank Services Billing Standards Group Shares Latest Update
The latest BSB Newsletter is out, covering bank services billing standard market adoption—ISO 20022, TWIST and AFP Global Service Codes.