FacePhi Analysis Highlights Gaps in Periodic KYC as Fraud Risks Evolve

• FacePhi’s banking compliance analysis identifies fixed customer-review schedules as a fraud vulnerability, leaving institutions exposed between checks.
• Event-driven customer due diligence targets changing risks, reducing mass-update backlogs while building a continuous audit trail.
• EU AML Regulation 2024/1624, applicable from July 2027, caps customer-information update intervals at one year for higher-risk customers; five years for others.
• Relevant changes require earlier reviews; biometric re-verification at high-risk moments helps confirm who is operating an account.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FacePhi Biometria SA published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein.