Regulations to prevent money laundering & counter the financing of terrorism (CFT).
Regulators around the world continue to raise the bar with heightened requirements to Know Your Customer (KYC) in order to protect the financial system from being misused for money laundering, terrorist financing and economic sanction avoidance.
Anti-Money Laundering (AML) regulations require financial institutions to take a risk-based approach to identifying their customers, determining their threat for money laundering and terrorism financing, monitoring them and their transactions on an ongoing basis and reporting transactions of a suspicious nature to regulatory authorities.
Clarity KYC helps clients around the world reduce the burden of KYC/AML regulatory compliance by streamlining the customer identification, due diligence, enhanced due diligence and credit investigation process. Our risk-based, standardized approach to KYC/AML compliance eliminates manual errors, accelerates customer onboarding and provides comprehensive documentation to meet regulatory requirements.
Clarity KYC Surveillance provides ongoing monitoring of customer risk factors such as appearance on sanctions lists or adverse news and automatically notifies clients when an adverse event occurs.