Know your customer services

Money laundering and financing of terrorism risks can have a detrimental effect on the reputation of both businesses and individuals. To address these risks, regulated firms are required to perform thorough Know Your Customer (KYC) checks. Robust customer due diligence (CDD) is an integral part of a comprehensive risk management framework.

Our goal is to effectively assist you in the development and integration of highly effective KYC practices that align with jurisdictional regulations and industry best practices. Alongside our KYC services, we also offer comprehensive AML solutions designed to detect and prevent money laundering activities. Our compliance professionals are dedicated to addressing your queries and assisting with any issues highlighted by prospective investors.

• Quick on-boarding of investors
• Responsiveness to regulatory updates
• Ongoing monitoring
• Periodic refreshes

Our cost-effective compliance oversight service relieves the pressures of investor review, empowering you to prioritise deal activity and achieve favourable investor and client outcomes. By minimising your exposure to regulators, we significantly reduce the risk of facilitating money laundering and terrorist financing, while also ensuring your readiness for regulatory audits.

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

At IQ-EQ, we understand the paramount importance of KYC processes in safeguarding your business relationships. Our teams have extensive experience in working with a lean workforce, providing seamless support to deal and legal teams efficiently. We offer enhanced industry experience and a deep understanding of peer group practice to assist you with your regulatory obligations in both KYC compliance and AML areas.

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

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