Various Anti Money Laundering (AML) regulations require financial institutions to undertake customer due diligence measures, including identifying and verifying the identity of their customers.
The range of measures depends on the clients’ risk assessment in regards to the likelihood of money laundering and terrorist financing.
We offer support in design and implementation of suitable end-to-end KYC operating models, development and optimisation of KYC processes and procedures, as well as review, support in selection and implementation of IT solutions dedicated to KYC processes.
We can also provide operational support for your KYC Business as Usual processes or design and deliver remediation of deficient KYC files through our Centre of Excellence.
We are also supporting financial institutions in the review of KYC functions from the compliance perspective. This includes independent review of group and local policies and procedures against regulatory requirements.