Problems
- There is no global standard for know your customer (KYC) regulations;
- There is a disparity in the amount of contact required between corporates and their financial institutions during the KYC process;
- Material changes are not getting reported correctly;
- Concerns over security and who is viewing documents;
- Loss of customers because of complex KYC norms.
Solution
KYC@Illuminati
The Proposal
- We undertake the KYC process of identifying an individual or corporation before entering into a business relationship.
- Provide seamless onboarding of clients/employees/customers into your organization.
- Verify the identity of the clients/employees/customers with the help of KYC document checklist.
- Assess the risk of money laundering and terrorism financing.
- Understand the source of funds and the legitimacy of the business relationship.
How it works?
KYC@Illuminati is dedicated to providing KYC/AML sub processes to pave the way for Customer Due Diligence.
Our Services in KYC
End to end management of online/offline KYC/AML process to effectively onboard customers/clients/employees into the mainstream with the help of a comprehensive database and checklist which is different for every organization. The services include but are not limited to:
- Identification document verification
- PEP & sanctions screenings
- KYC and AML for corporate client
- GDPR Compliance
- Providing cost effective KYC software
The Team
Our team comprises of team leaders and KYC analysts who possess a prior work history in anti-money laundering operations. Their employment profile comprises of performing KYC reviews on customers, investigations and processing forms and paperwork required by the Bank Secrecy Act and related laws and regulations. They have been associated in the KYC departments of various banks, financial institutions and LPOs.
Economic Rates
Daily rates per analyst which are extremely competitive vis a vis the LPO rates.
Advantages of KYC@Illuminati
Risks of international money laundering and terrorism financing can be mitigated with our effective KYC process implementation. You can comply with mountainous legislation by completing he KYC verification of your customers/clients/employees and successfully onboard them into the mainstream process.
USP of KYC@Illuminati
We are a one stop shop in providing digital/offline KYC/AML services to our clients with the help of advanced digital software but at a jaw drooping price.