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Wealth Management
Know Your Customer (KYC) and Anti-Money Laundering (AML) Compliance
Complexity
High
Timeline
8-12 weeks
Outcomes
4+
Challenge
Manual KYC/AML processes consuming significant time, creating compliance gaps, and increasing risk of regulatory violations in wealth management firms.
Solution
Implement automated KYC/AML workflows in Salesforce FSC with integrated identity verification, sanctions screening, beneficial ownership tracking, and automated documentation.
Key Outcomes
- 75% reduction in KYC/AML processing time
- 100% audit trail for all compliance activities
- Real-time sanctions and PEP screening
- Automated beneficial ownership documentation
Tags
kyc-amlcompliancewealth-managementregulatoryautomation
Implementation Timeline
8-12 weeks
High Complexity