AML/KYC DUE DILIGENCE
AML/KYC Due Diligence
Achieve regulatory and compliance initiatives, anticipate requirement updates, mitigate risk, and augment existing compliance programs with improved monitoring and reporting that will integrate seamlessly into your existing processes.
AML and KYC Due Diligence Use Cases:
- U.S. Bank Secrecy Act Compliance
- U.S. PATRIOT ACT, Title III Compliance
- Financial Action Task Force (FATF) Recommendations
- Ultimate Beneficial Ownership Requirements
Our intelligence-backed solutions integrate seamlessly into existing your KYC processes to ensure your firm is fully AML compliant. Through our tradecraft perfected techniques, independent analysis, and global reach, we can extend your team’s capabilities, so higher-risk customers can be onboarded with confidence, boosting your bottom line.
AML Compliance:
- Customer Identification Program (CIP) Services
- Customer Due Diligence (CDD)
- Enhanced Due Diligence (EDD)
- Beneficial Ownership Reporting
Beneficial Ownership:
- Identity Verifications
- Parent-Subsidiary Ownership Identifications
- Ongoing Monitoring
Industries Served
Prescient’s AML/KYC Due Diligence service supports a variety of clients that require deeper insights to clarify risks and opportunities. We proudly serve the following clients and welcome inquiries across all industries.
- Banking & Capital Markets
- Investment Management
- Real Estate
Work with experts versed in the nuances of commercial and retail banks, investment banks, virtual currency exchanges, real estate firms, and other regulated institutions to comply with the U.S. and international regulations.
How It Works
The Solution
U.S. Public Records searches did not reveal high-risk activity associated with the subject, so our analysts applied open source research methods using the subject’s English name along with their age, and places of residency. This led analysts to discover the individual’s Chinese name spelling. We then searched Chinese-language media and news using this information which led analysts to uncover high-risk details about them.
The Significance
Our analysts compiled and provided insights in a written report, which enabled them to assess the legitimacy, general background, and overall reputation of the given subject. With a fuller picture of the subject’s background and financial assets, the client was able to make a more informed decision about whether to close his account.
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