The financial services industry is a key pillar in many jurisdictions inside and outside of the EU. Amongst other factors, a strong financial services eco system may represent a stable employment rate and a healthy GDP in any single country.
A robust financial services industry necessitates a strong AML regime to ensure stability and consistent growth. In this regard the various players within the industry need to have access to the necessary AML tools to maintain a healthy and reputable business.
StartKYC’s vision is to ensure that all types of Financial services entities ranging from sole practitioners, insurance companies, banks etc. may easily access customer due diligence tools to fulfil all their know your customer (KYC) obligations including PEP and Sanction screening, ID document verification, company document verification etc.
Due to the variety of the services, Payment service providers (PSP’s) may face intricate challenges to ensure compliance with AML/FT regulations Customer due diligence processes may be required at various points of interaction; at onboarding, when transferring funds etc.
StartKYC offers solutions that can easily be implemented throughout the whole customer lifecycle. Contact us to know more about our API solutions or subscribe to one of our packages to start screening your new and existing clients.
As money launderers have been continuously innovating their practices, AML/FT regulations have widened in scope to reach forms of business that are common targets for money launderers.
Such businesses include Real Estate agents and other businesses involving high value transactions such as Jewellers and car dealers.
Owners of such businesses may find the implementation costs of customer due diligence processes prohibitive and cumbersome. StartKYC addresses this problem with its affordable and easy to subscribe to packages.
Click here to view our offers and start complying today!
Online Betting & Gambling operators are subject to stringent AML compliance requirements imposed by the Gambling authorities and regulators.
Adequate Customer Due Diligence processes including effective PEP and Sanction screening needs to be performed on all clients to ensure compliance with respective regulations.
To ensure a streamlined customer enrolment process, Betting & Gambling operators need to automate the PEP and sanction screening process by means of an API integration with PEP and Sanction lists.
At the outset of a new transaction or business relationship Notaries and legal practitioners are obliged to perform customer due diligence checks on the parties they are offering their service to.
Small Notary and legal firms may consider the costs of implementing and maintaining AML processes prohibitive for the size of their practice.
StartKYC addresses this problem through its "easy to subscribe to" and affordable packages or through its bespoke solutions that can be tailored for the more mature firms. Contact us for further info.