Compliance service (onboarding and KYC/CDD check)

Client onboarding is a critical process for any business or financial institution that is looking to establish a new relationship with a customer. This process involves several steps, one of which is the KYC (Know Your Customer) check.

KYC check is a set of procedures that businesses use to verify the identity of their clients and assess the potential risks of doing business with them. These checks are designed to prevent money laundering, terrorism financing, fraud, and other illicit activities.
During the onboarding process, clients are typically required to provide various documents and information to complete the KYC check. This information may include a government-issued ID, proof of address, bank statements, and other relevant documents.
The onboarding process typically involves a review of the client's information by a compliance team or a dedicated KYC specialist. This review may involve using specialised software and databases to verify the client's identity and assess the risk associated with the relationship.

In addition to the KYC checks, the onboarding process may also involve other due diligence activities, such as screening for sanctions lists and adverse media coverage.

​Overall, the client onboarding and KYC check is critical processes that help businesses and financial institutions to manage their risk and comply with regulatory requirements. While these checks may add some complexity to the onboarding process, they are essential for protecting the business and ensuring that it operates in a responsible and ethical manner.