In this article, Tobias Baer identifies the three root causes behind excessive KYC (know your customer) requirements. Unless you run a criminal operation, you would most probably agree with me that financial crimes should be prevented and that KYC is a critical element in preventing the illegal flow of money. Sadly, that doesn’t mean that KYC in today’s shape and form is working well. I’ve written before about the deficiencies of a KYC regimen relying on third-party documents. A bank…

  Luiz Zorzella shares measures on how to mitigate security breaches through cyber attacks during this crisis.  The estimated impact of the Coronavirus Crisis continues to be revised up. Over the past couple of weeks, sequestered trying to minimize the number of fatalities, we have seen economic forecasts being revised, every time painting a more dire scenario. Goldman Sachs and Morgan Stanley, for example, are forecasting a 24-30% drop for US’ GDP on Q2 and a jump in unemployment to…