Perpetual Guardian steps up in the Know Your Customer space
Friday, October 20th 2017, 6:41PM
In a New Zealand first Perpetual Guardian is helping to bring state-of-the-art blockchain technology to the market and giving NZ Inc the chance to be the world leader in the burgeoning Know Your Customer (KYC) space.
Perpetual Guardian has signed a Memorandum of Understanding with Tradle NZ, an innovative, KYC-focused company which has developed an app allowing the user to upload ID documentation, have it verified, and then use that single verification with other organisations which require client identification.
In addition to optimising general customer service at Perpetual Guardian, the service has major ramifications for compliance with phase 2 of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act, which imposes extensive new due diligence, monitoring and reporting obligations on lawyers and accountants, among others.
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