Juniasia has expanded its network for Know Your Client (“KYC”) services with our Asia focussed operations proud to now offer a complete outsourcing solution of compliance services. KYC standards have developed globally in response to the effects of terrorism, large scale fraud and money laundering. They have even become a legal requirement in some jurisdictions, and have forced businesses to take a hard look at their operations and the relationships that they foster, to proactively manage their risk exposure. The “know” implies that a business will carry out due diligence on a client to verify that they are who they say they are - and to prevent theft, fraud, money laundering and terrorist financing and related compliance issues. Experts based in our Asia offices are ready to offer their in-depth KYC knowledge as they conduct an independent assessment under relevant regulations - for example AIFMD, FATCA and the AMLA - to give businesses piece of mind when it comes to customer due diligence and identification/KYC requirements.
Using the internal expertise of our external regulatory compliance experts teams from Asia and Sweden & our Big Data tools SEO and World Check - we can provide an assessment on the origin of funds, financial situation, businesses and reputational insights in relation to the companies that you work with. Including specific industries in Golds And Valuable Metals Procurement/Trading, Energy and Commodities.
Juniasia has successfully delivered compliance services to businesses for more than 6 years. And currently using big data analytics and tools to achieve faster and detailed outcomes even in an non- English environment like China.. Our specialist teams will help to ensure that you are both protected from immediate risks and positioned to grow your business potential . KYC 2 | Now your client (KYC) services
The effects of global terrorism, large scale fraud and money laundering have fuelled a high degree of uncertainty and instability in our business environment. Stringent laws relating to Anti-Money Laundering (AML) and anti-terrorism imposed by governments globally have forced businesses to take a hard look at their operations and the relationships that they foster in order to proactively manage their risk exposure.
As well as costly litigation, large fines and lawful punishments, successful money launderers may also cause incalculable damage to corporate and professional reputations.
As a result, “Know Your Client” standards have developed globally, even becoming a legal requirement in some jurisdictions.
The “Know” implies that a business will carry out due diligence on a client to verify that they are who they say they are and to prevent theft fraud, money laundering and terrorist financing.
In the face of these risks, it is essential that you adopt a long-term vision in order to proactively respond and achieve a real competitive advantage. Taking this strategic approach will ensure you are able to successfully manage your reputational risk, build healthier customer relationships and maximise your long term business potential.
KYC 3 | Due Diligence
Helping you with customer due diligence. We can help your business to respond to these tough challenges with ease. We can readily offer an independent assessment on compliance within “Know Your Client” rules, giving you peace of mind when it comes to customer due diligence.
Our truly global presence allows us to manage your KYC processes efficiently. We provide the timely information and analysis you need to start and build your long-term relationships with your own clients.
Our KYC services
What are the benefits of this service?
Preventative measures against exposure to sanctions
Full compliance with legislative requirements
Minimise reputational risk
Demonstrate your business vigilance and quality procedures
Promote trust and growth of stable business relationships
Minimise costs and maximise efficiencies by outsourcing KYC
Independent assessment of risk profile
Maximise your ratings with rating agencies, supervisors, authority
Easy access to client data via web reporting
Simplified coordination through a single point of contact – global coordination, local delivery
What services are included?
Customer due diligence and screening
Registration and maintenance of identification and due diligence documents
Periodical re-assessment and updating of information