KNOW YOUR CUSTOMER MECHANISMS AS A TOOL FOR ENHANCING RISK MANAGEMENT SYSTEMS IN COMMERCIAL BANKS
DOI:
https://doi.org/10.5281/zenodo.21233958Ключевые слова:
risk management, commercial banks, Know Your Customer (KYC), compliance risk, antimoney laundering (AML/CFT), customer due diligence, digital platform, artificial intelligence.Аннотация
The article examines the role of the “Know Your Customer” (KYC) mechanism as a key
instrument for strengthening risk management systems in commercial banks. The main types of banking risks
— credit, operational, and compliance risks — are analyzed, and their interrelation with the effectiveness
of customer identification procedures is substantiated. The structural stages of the KYC policy — customer
identification, ongoing monitoring of transactions, and reporting of suspicious operations — are examined
within the framework of the “prevent–detect–report” model. Based on the study, an integrated compliance
control mechanism is proposed, combining AML/CFT monitoring, KYC procedures, sanctions screening, and
operational risk indicators within a single digital platform, with the use of artificial intelligence, big data, and
blockchain technologies to increase the accuracy of risk assessment. The findings can be applied in improving
the risk management and compliance control systems of commercial banks.
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