Persbericht - Glocal KYC: Not all EU countries are created equal [WHITE PAPER]
Fourthline urges banks and fintechs seeking to expand in Europe to take into consideration regulatory and cultural differences across jurisdictions.
Highlights and quick facts :
- KYC requirements differ across the European Union. It is crucial to understand the differences if you are looking to expand into multiple countries.
- The passporting regime for financial institutions can be advantageous if you choose your regulator wisely – but even then, country-specific requirements may come into play.
- European citizens differ in how and when they will pass your KYC process – impacting operations and conversion.
- Designing a compliant hyper growth-proof KYC process requires careful advance planning.
Download the white paper Glocal KYC: Not all EU countries are created equal