Advancing Risk Monitoring with Perpetual KYC

This report is a summary of the pKYC Convergence event held on September 10, 2025, organized by Quantifind and Protiviti, which focused on the challenges and opportunities of implementing Perpetual KYC (pKYC). The event gathered senior compliance leaders from various sectors to discuss the inadequacies of traditional periodic KYC reviews in the face of evolving financial crime risks and regulatory demands. Key themes included the necessity of immediate risk recognition, the importance of distinguishing between material and non-material changes in customer profiles, and the role of AI in enhancing monitoring capabilities. Panelists highlighted operational challenges such as data fragmentation and the need for organizational cooperation across compliance, IT, and legal functions. The report outlines actionable advice for institutions beginning their pKYC journey, emphasizing the importance of data quality and the strategic value of pKYC beyond mere compliance. It concludes with a call for continuous intelligence in compliance practices to adapt to a rapidly changing environment.