KYC (Know Your Customer) is the due diligence that accountants, lawyers, financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information prior to performing business transac tions with them. These procedures are compulsory and are preventive measures for the avoidance of Money Laundering and Terrorist Financing.
Product Features
- Web based
- Fully automated ongoing monitoring capability for millions of names
Provides access to:
- Over 100 official sanctions and enforcement lists
- A range of PEP databases
- A negative media database
- Multi-user workflow solution
- Prioritisation of high risk matches
- Powerful matching algorithm designed to more effectively
manage false matches - Advanced audit and record keeping capabilities
- Choice of an annual subscription or an ad hoc basis
Customers who are not subscribed to our Databank can opt for ad hoc Know Your Customer Reports, according to your business needs. Our KYC Reports include results from the following Databank Searches:
- Global sanctions lists
- Global financial regulators lists
- Adverse media databases
- PEP (Politically Exposed Person) lists
- Law enforcers lists
