In a March 2019 survey, 53 percent of respondents globally said that when establishing external relationships they check for KYC on the identity of clients, while only 27 percent look for an ultimate beneficial ownership status. The KYC (Know Your Client) form ensures investment advisors know details about their clients´ risk tolerance, investment knowledge, and financial position.
Important checks when onboarding external relationships worldwide in 2019
Managers with compliance-related responsibilities at large global organizations
Method of interview
Online survey
Supplementary notes
This question was phrased by the source as follows: "which of the following checks do you undertake (successfully or not) when onboarding these relationships?"
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Refinitiv. (June 20, 2019). Important checks when onboarding external relationships worldwide in 2019 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/
Refinitiv. "Important checks when onboarding external relationships worldwide in 2019." Chart. June 20, 2019. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/
Refinitiv. (2019). Important checks when onboarding external relationships worldwide in 2019. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/
Refinitiv. "Important Checks When Onboarding External Relationships Worldwide in 2019." Statista, Statista Inc., 20 Jun 2019, https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/
Refinitiv, Important checks when onboarding external relationships worldwide in 2019 Statista, https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/ (last visited December 03, 2024)
Important checks when onboarding external relationships worldwide in 2019 [Graph], Refinitiv, June 20, 2019. [Online]. Available: https://www.statista.com/statistics/1091269/checks-external-relationships-worldwide/
