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Outsourced KYC Compliance
(for Fintech Startups & Accounting Companies)
Compliance is a significant challenge for many companies and one of the least understood risks in running a business. Know Your Customer (KYC) is a crucial process for any business, especially those dealing with financial transactions. It helps prevent fraud, money laundering, and other financial crimes. The demand for compliance requirements in today’s rapidly evolving regulatory environment means that firms are increasingly looking at more cost-efficient methods to comply with regulations and reduce the burden of KYC requirements. I provide reliable service to help you focus on growing your client base while maintaining regulatory compliance with the onboarding and refresh process.
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Taking ownership of the clients onboarding process.
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Conduct enhanced due diligence (EDD) (collect documents, look for external information).
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Review registries, business databases and documentation provided by the corporate customer (including operating various third-party and in-house tools for background checks) and undertake research, document checks, and financial crime risk assessment via internal and external sources.
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Identify potential AML and CTF related risks of the customer.
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Performing customers and related parties’ screenings for sanctions, PEP and adverse media, searching for potential risks or discrepancies, reviewing, assessing and escalating if necessary.
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