Reminder – Automated KYC Update Tool

Have you started using it yet? Launched on June 27, 2024, our Automated KYC Update Tool allows clients to review their KYC profile easily, quickly and securely through their Client Portal, and Representatives to approve the KYC much more efficiently.

• If there is no material change to the client’s KYC on file: the tool lets you approve it quickly.
  
  
• In the event of a material change: you’ll be able to update the KYC much faster because you won’t have to follow some of the extra steps in the standard process. At the time of the conversation with your client, simply validate the material change instead of repeating the entire data collection process.
  
  

Joint rep code
Did you know? Since August 1, your clients under a joint code are also eligible for automated KYC updates, provided they meet the other eligibility criteria.

Should you have any questions, please do not hesitate to contact your Compliance Officer.