Without a doubt, your organisation will already have a strong AML/Terrorist Financing policy in place. However, the fines incurred in recent years by financial firms generally are not because they cannot sufficiently demonstrate the implementation and execution of these policies, but because they cannot show that they truly 'Know Your Client'.
At i-KYC, we have the practical experience to match your business needs with Compliance and Regulatory requirements and translate Compliance policy into practical processes and effective procedures. At the same time these will:
Minimise the time required by the front office for the administration of this work;
Maximise the commercial value of the information gathered during the KYC process;
Adhere to your Compliance policy and so to protect the organisation from regulatory and reputational risk.
The i-KYC team can minimise the impact of KYC requirements on your sales-to-revenue time by specifically focusing on translating AML/KYC policies into practical processes and procedures that work for the benefit of the organisation and client relationships.