KYC and Customer Due Diligence
What does Know Your Customer (KYC) mean?
Know Your Customer, or KYC, refers to the checks firms need to perform on customers and potential customers before entering into a business relationship with them. Under the BSA/AML regulations, all financial institutions in the US must have robust KYC processes in place to prevent identity theft fraud, money laundering and terrorist financing.
We can answer your questions about KYC and Customer Due Diligence
One platform for all your KYC requirements
SmartSearch is the only AML solution that can meet all your KYC requirements from one platform. Just enter an individual’s name, address, date of birth and social security number and, not only will the system perform a full AML check with Sanction and PEP screening, but will also trigger enhanced due diligence on anything suspicious and monitor all clients on an ongoing basis.
We can help you stay compliant
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