Which KYC-related finding poses the most risk to the organization?

KYC integration is fundamental to ensuring that anti-money laundering controls are effective from the outset of client onboarding. Delayed implementation of KYC increases the risk of onboarding high-risk customers without adequate due diligence.

Advanced CAMS-Audit documentation stresses the importance of embedding KYC into business processes during product design and rollout phases to mitigate risks​​​.

Neglecting this requirement can expose the organization to severe regulatory penalties and reputational damage.