CUSTOMER ONBOARDING
Know Your Solutions is an end-to-end, global, customer onboarding and verification solution to satisfy KYC and AML obligations
It’s reasonably easy to onboard individuals, which we do
However where we shine is in onboarding the more complicated customer types such as companies, trusts, joint accounts and partnerships
This allows for customer self-registration (straight through processing) to produce a lifelong electronic compliance record for each customer
Data may be verified instantly or at any other time.
You can also import and store bulk records of existing customer data and batch verify at will
We will save you time. Rapidly complete your onboarding using our SaaS or outsource your entire customer onboarding process to us
CUSTOMER
ONBOARDING
MODULES
KNOW YOUR CUSTOMER (KYC)
By using Know Your Solutions to meet your KYC obligation you will:
Carry out global identification and verification checks Regular, event driven or ad hoc … anytime and as often as you need to Verify electronically when accurate records are available online Document based verification can also be used Also offered as a full managed service Screen against multiple watch lists, including amongst others, sanction lists, terrorist watch lists and politically exposed person (PEP) listsCOMPLEX LEGAL
STRUCTURES & ULTIMATE
BENEFICIAL OWNERS (UBO)
See through legal structures to understand complex legal hierarchies
Automates the process of identifying the directors, shareholders and the Ultimate Beneficial Owners (UBO)
Within seconds, you will understand how complex the structure is, exactly what’s in it, and how many layers there are (across and down)
You will identify the Ultimate Beneficial Owners (UBO)
We display this data in an organisational chart so that the relationships are easy to understand and follow
ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING (AML/CTF)
Our AML processes and tools allow you to feel confident that whomever you are dealing with has not been recorded as having laundered any money in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006
Simplify your due diligence by using our automated tools
CUSTOMER LIFECYCLE MANAGEMENT /
ONGOING CUSTOMER DUE DILIGENCE
By leveraging automation, Know Your Solutions makes it easy for you to monitor your compliance obligations over the entire lifecycle of the customer
You will never miss anything, and we will save you time
Review whenever you like and as often as you want to. Complete regular, event driven or ad hoc reviews throughout the customer lifecycle
At any time, with the click of a button ensure that your KYC data is always accurate and up to date
Regularly run your database through various “watch lists”, amongst others, global sanctions, terrorist and politically exposed person’s (PEP) lists
Practice Compliance by exception. Automated Red Flag Alerts and Email Notifications instantly notify you of potential risks
RISK ASSESSMENT
A CLEAR AND SINGLE VIEW OF THE CUSTOMER
The organisational chart makes it easy to visualize the relationships in the data.
AN ELECTRONIC FUTURE PROOF COMPLIANCE RECORD
FULL TRANSPARENCY & AUDITABLE RESULTS
A full audit trail, of everything that anyone has done is maintained and is readily accessible by the administrative staffEnsure that your compliance procedures are standardized and consistent across all customers and time periods
REPORTING
On the dashboard key visuals display information in a clear and user-friendly manner, with click through functionality to drill down into greater detail
The organisational chart, makes it easy to visualize the relationships in the data
Alerts draw your attention to areas of concern
Standard and customized reportsBILLING
Automation is the ANSWER
Software Ate Compliance! ... Automation is the ANSWER. Automation is
quite simply the difference between complying and not complying.
