EverCompliant, a business cyber-intelligence provider, recently announced the launch of eKYC Discovery, a tool that addresses potential gaps in the Bank Secrecy Act and Anti-Money Laundering-mandated Know Your Customer (KYC) processes that could leave financial institutions exposed to criminal activity. The KYC gap allows money laundering, terror financing, and many other types of illegal activity and fraud to slip into the banking system, unnoticed.
