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Accountable Client Owner

Managing risk to prevent financial crime

Most clients are not using the banking system for nefarious ends; but how do we make sure those that are, can’t?

The banking sector designates some workers as Accountable Client Owners (ACOs) who play a key role in financial crime (FC) risk management.  They ensure that client relationships adhere to bank policies and procedures, and manage FC risks within the bank’s approved risk appetite.

This learning material helps ACOs to apply the Know Your Client (KYC) framework so that they are equipped to safeguard client interests and contribute to a secure financial environment. It uses a golden thread narrative to explain the KYC lifecycle.

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