KYC2020 Announces Realignment of Stakeholder Roles to Address Increasing Regulatory Burden

By: KYC2020
CHICAGO - May 2, 2023 - PRLog -- KYC2020 LLC, a leading provider of Global Watchlists and Negative News screening solutions for anti-money laundering (AML) compliance, is pleased to announce the expansion and realignment of its stakeholder roles to better reflect the economic times and the ever-increasing burden of regulatory compliance faced by its customers.

Effective immediately, Joseph Iuso, CAMS, CFCS, co-founder and previously the Head of Data and Business Development, will take on the very important role of Global Regulatory Affairs at KYC2020. With his new role, Joseph will ensure that KYC2020's Sanctions, Regulatory, Criminal, PEP, and Adverse Media screening solutions comply with FATF recommendations 6, 12, and 22, and follow best practices for regulated entities. The role includes oversight of watchlist data quality, one-time screening, case management, and ongoing monitoring.  Regulated Entities include those that are governed by the PCMLTF in Canada, BSA in the US, PSD in EU, and other FATF countries and members.

Joseph's extensive experience in AML regulatory compliance, day-to-day practical experience, along with his deep knowledge of KYC2020's solutions, will be invaluable in ensuring that the company continues to deliver best-in-class KYC AML compliance solutions to its customers. "Joseph's experience and expertise in compliance and regulatory affairs make him the perfect choice to take on this critical role," said Rajeev Bahri, KYC2020's CEO. "We are excited to have him lead our efforts to stay ahead of the regulatory curve and continue to deliver cutting-edge KYC AML compliance solutions."

According to a US diplomat who spoke on condition of anonymity, regulatory compliance has become increasingly critical as US departments are now better funded to audit and fine, particularly in the current environment of increasing sanctions, global economic uncertainty, and banking failures.  KYC2020's commitment to delivering top-notch AML/KYC solutions has never been more important. The expansion and realignment of stakeholder roles are part of the company's ongoing investment in its people, processes, and technology to ensure that it remains a leader in the AML/KYC compliance space.

KYC2020 is committed to continuing to provide the highest quality AML and KYC solutions to its customers. The company's expansion and realignment of stakeholder roles is just one example of this commitment. For more information about KYC2020 and its solutions, please visit

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Tags:OFAC Screening, Watchlist Screening, Adverse Media, Kyc, Sanctions Screening, Pep Screening, Regulatory Affairs, Anti-money-laundering
Industry:Banking, Financial, Software
Location:Chicago - Illinois - United States
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Page Updated Last on: May 02, 2023

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