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Real world KYC challenges — a focus on Hong Kong

Early in 2016, we conducted a survey to deepen its understanding of the real-world challenges experienced by multiple market participants in the global KYC environment. This paper analyzes the challenges specifically faced by financial institutions (FIs) and corporates in Hong Kong.

In a bid to accurately identify and quantify global KYC challenges, we questioned 772 financial institutions, of which 122 respondents were from Hong Kong. Additionally, 822 corporates were surveyed, with 143 of the respondents from Hong Kong.