Perpetual KYC (pKYC) moves risk review from periodic refreshes to an ongoing, event‑driven approach.
Combining integrated workflows with ongoing data checks is designed to help keep customer and counterparty records current as changes occur.
This can support faster responses to evolving risk signals and more informed decision‑making across onboarding and ongoing due diligence.
Perpetual KYC (pKYC) is a transformative approach to understanding and monitoring risk across your customer and supplier network. A pKYC approach can help you address critical problems, making it an important solution that can enhance compliance, mitigate financial crime risk, and support operational efficiency.
pKYC introduces an approach where customer and counterparty data are updated as relevant changes occur, rather than only at set intervals.
Moody’s solutions combine entity reference data, ownership structures, and relationship linkages to support how this information is maintained and reviewed over time.
As data changes over time, screening activities can reflect updated entity, ownership, and risk information.
Moody’s solutions bring together sanctions, PEPs, adverse media, and underlying entity data to support more informed review of screening alerts.
An event‑driven approach introduces ongoing visibility into changes across customer and counterparty data.
Moody’s solutions support monitoring across entity attributes, ownership, and risk indicators, with changes surfaced through workflows for further review.
Changes in data over time can affect how onboarding and ongoing review activities are performed.
Moody’s pKYC solutions support how data, alerts, and review activities are captured and managed across the lifecycle of a relationship.
Three years after our original pKYC podcast series, we’re revisiting the topic to examine how the landscape has changed. From technological innovation to shifting regulatory expectations, pKYC is becoming a cornerstone of customer due diligence.
In this episode, Moody’s Industry Practice Leads Chor Teh and Marisol Lopez Mellado explore:
Listen-in to stay ahead of the curve and find out how pKYC could shape the future of compliance.
In a dynamic operating environment, changes in customer and counterparty risk may occur between periodic reviews.
Moody’s special report explores how Perpetual KYC (pKYC) can reshape risk management and compliance, supporting ongoing monitoring of material changes across global entities.
Discover how much can change in 3 years.
In a complex environment where risk can emerge across networks of individuals, entities, and relationships, maintaining a clear view isn’t always easy. A perpetual KYC approach can help you stay informed about meaningful changes over time, supporting more focused reviews, and helping teams direct time and attention to the areas of risk that matter most.
We asked interviewees to describe the benefits of a perpetual approach to KYC. These were distilled into 11 themes that can be grouped along the lines of Maslow’s hierarchy of needs.
Perpetual KYC (pKYC) is designed to help financial institutions to more promptly identify and respond to changes in customer-related risks that may warrant further due diligence.
Know Your Customer (KYC) is the process that businesses, including regulated entities like banks and other financial institutions, use to verify the identity of their customers, assess their risk profile, and monitor them on an ongoing basis.
FATF's Recommendation 16 sets out expectations that providers of cross-border payment services (PSPs) include complete originator and beneficiary information in wire transfers. This is intended to support detection of potential misuse of wire transfers by bad actors.
For a second year, the Chartis Financial Crime and Compliance50 ranking and report named Moody's as category winner for perpetual KYC
Regulatory demands, financial crime risks, and third‑party relationships continue to expand—often faster than internal systems can adapt. Moody’s for Compliance is a solution designed to support a connected, data-driven, risk‑based approach to help organizations better understand and operationalize change across their compliance processes.
Visit the Moody’s for Compliance page to learn more.
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