Know Your Customer Services

Money laundering and financing of terrorism risks can have a detrimental effect on the reputation of businesses and individuals. To tackle these threats, regulated firms are required to perform anti-money laundering (‘AML’) and know your customer (‘KYC’) checks. Robust customer due diligence (‘CDD’) is one element of an overall risk management framework that can mitigate these threats.

IQ EQ understand that the growing impact of regulatory requirements globally, which impacts firms during the asset or deal selection and onboarding process.

Our teams have extensive experience of working with a lean workforce, providing deal and legal teams with seamless support in a time efficient manner.

We provide enhanced industry experience and understand peer group practice so we can assist with your regulatory obligations.

IQ EQ seek to understand each Firm we partner with so that we can effectively assist you in the development and integration of effective AML practices in line with jurisdictional regulations, industry best practice whilst keeping pace with the latest regulatory and enforcement trends. Our team of compliance professionals will help with your queries and assist with issues highlighted by prospective investors.

We can deliver a cost-effective compliance oversight that can relieve the pressures of reviewing your investors, allowing you to focus on deal activity and delivering strong investor and client outcomes. This reduces your exposure to the regulator and decreases the risk of facilitating money laundering and/or terrorist financing and also helps you get ready for regulatory audit.

 Our KYC Services

Services provided:

• Investor KYC and Due Diligence Reviews
  specialist knowledge to allow for a seamless onboarding process.
• KYC Remediation
  Refresh your KYC on a cyclical basis to stay in line with both regulatory and internal policies, in line with industry best practice. We will identify and resolve any gaps in your existing compliance programs, in line with changes to internal policy or jurisdictional law.
• Politically Exposed Person (PEP), Sanctions and Adverse Media screening
  We tailor the results of any searches to fit your screening requirements and risk appetite, reducing the number of false positive results.
• AML document and infrastructure updates
  e.g.  AML Policies, Financial Crime Risk Assessments, KYC Checklists

• Training
  – E-Learning Modules
  – Bespoke Financial Crime Training (In-Person or Remote)
  Our training can help integrate a strong compliance culture that stays up to date with the ever-changing financial landscape.

• One dedicated team
• Unrivalled technical expertise
• Committed service delivery

Contact us today to find out how we can help your business thrive.

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