Two years on from the start of the pandemic, it is clear that the fallout from Covid19 will be with us for many years. While the initial immediate economic downturn and bounce-back as well as increased governmental intervention in our lives were evidential, other impacts such as the emotional traumas of much reduced horizons and the societal consequences of social distancing will be much discussed and evaluated in the years to come.
Various themes for how the world will change in response to the pandemic have emerged. A more “contact-free” economy with greater reliance on remote working, a greater acceptance of data sharing and more reliance on technology to communicate are all trends which will only accelerate. Just look at all the people who are now working remotely, who before Covid19 would never have considered it. There has been a step change in digital working, even librarians have been working from home!
KYC compliance evolution
In this new world, KYC compliance efforts against money laundering and terrorist financing may well not initially receive the priority…
