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AML: Outsourced KYC Compliance

Staying compliant is a major challenge and one of the least understood risk areas for many companies. The demand for compliance requirements in today's rapidly evolving regulatory environment means that firms are increasingly looking at faster and more cost-efficient methods to comply and reduce the burden of KYC requirements

WCMS Outsourcing & Business Process offers a full range of compliance services, from the screening of UBO’s to full regulatory reporting in all major jurisdictions around the world. We can ensure full compliance with local legislation and timely filing to local regulatory bodies. Compliance and KYC services are core components of the overall WCMS due diligence workflow process for various types of clients: corporates, private, investment vehicle, asset managers, brokers, art dealers, realtors, companies active in the crypto industry. To provide an efficient approach to long-term KYC sustainability,

WCMS offers a tailored approach to meet individual needs, including:

To ensure KYC and compliance policies are met and surpassed, WCMS has developed a KYC platform that generates insights, ensures consistency and offers full transparency through an audit trail and reporting capability. We will handle anti money laundering back office and counter terrorist financing work, including:

  • Customer Due Diligence
  • Know Your Customer (KYC)
  • Anti-Money Laundering (AML)
  • Enhanced Due Diligence
  • AML Risk Analysis and Assessment
  • Verification of Customer Identification
  • Verification of Politically Exposed Persons (PEPs)
  • Verification of Ultimate Beneficial Owner (UBO)
  • Record-keeping and
  • Compliance Reporting and Notification

AML Compliance Audits

To provide assurance to those charged with governance oversight and to helpwith preparation for potential regulatory inspections, WCMS AML Compliance specialists can perform compliance reviews of corporate vehicles and management companies and provide AML compliance recommendations.

AML Policies & Procedures

Our AML Compliance specialists provide tailored AML policies and procedures for corporate vehicles and funds that can be used to assist with their AML compliance programs

AML Compliance Calendar

Missing a filing requirement or deadline could disturb the relationship with regulatory bodies and potentially lead to fines and penalties being levied against your company. This could ultimately impact your bottom line, affect your ability to operate efficiently and result in penalties/sanctions. WCMS can assist with setting up and reporting through our own developed Compliance Calendar Tool.