International Securities Services’ Brian Bollen, Alexandra Waite, Head of Transfer Agency, EMEA, BNY Mellon , Pierre Mottion, Global Head of TA and Fund Dealing Services Products, BNP Paribas, Mateusz Derejski, Head of Software Development, Metrosoft and Alexandre Delabre, Head of Transfer Agency, Multifonds, gathered together virtually to exchange thoughts on a range of issues arising for the Transfer Agency Business.
ISS: What is the impact of KYC (Know Your Customer) / AML (Anti-money Laundering) regulations on the transfer agency (TA) business? In particular, how will the AML IV Directive affect TA?
Alexandra Waite, Head of Transfer Agency, EMEA, BNY Mellon: One of the main regulatory themes across the industry is getting all the right information about investors before onboarding them and accepting transactions. Traditionally our UK and other businesses in Europe, the Middle East and Africa (EMEA) were fairly different.