KYC and CDD Services
KYC And CDD Services
Afinur provide managed KYC and CDD Services to help you remain compliant with AML regulatory requirements and save costs.
DNFBPS and FIs in Africa find it difficult to recruit skilled AML professionals to carry out their KYC and Customer Due Diligence (CDD) . Further, internal inefficiencies render the entire compliance function ineffective.
The managed KYC and Customer Due Diligence Services help reduce the overall cost of compliance by enabling businesses to focus on their core business activities. By leveraging our managed KYC and Customer Due Diligence Servies, DNFBPS and Financial Institutions can:
01
Lower the cost of AML compliance and deliver an improved customer onboarding experience.
02
Stay compliant all the time with everchanging AML compliance laws and regulations and reduce the overall risk associated with the business.
03
Free up resources to focus more on the critical business functions.
04
Identify potential risks associated with a customer well in advance.
KYC and CDD Managed Service Methodology
Issuance of Customer Onboarding Kit
Data Acquisition on secured and shared cloud-based repository
Data Processing by qualified AML consultants
Client communication for deficiency in data
Name Screening, Due Diligence, Enhanced Due Diligence
Risk Assessment
Data Review by QC team
Remedial Measures (SAR/STR/FFR/PNMR/Client Rejection)
Customer Onboarding Completion
Knowledge. Expertise. Teamwork
Managed KYC and CDD Services
KYC
Know your customer
KYB/KYS
Know your business/know your supplier
KYE
Know your employee
- Customer identification program (CIP)
- Customer due diligence (CDD)
- Ultimate Beneficial Owner Identification
- Enhanced due diligence (EDD)
- Risk assessment and customer risk rating (CRR)
- Sanctions screening (Africa Local Terrorist List, UNSC, OFAC, EU, etc.)
- Politically exposed person screening
- Adverse media screening
- KYC remediation and renewals
- Alert investigations
- Customizable due diligence reports
- Data auditing, cleansing, and validation
Timely. Relevant. Innovative.
Key Differentiators
Process Efficiency:We use the international standard KYC and CDD processes which enhance compliance and efficiency and reduce the non-compliance risk.
Improved Customer Experience:We provide a consistent and improved customer experience when it comes to customer onboarding. We leverage the power of automation and ensure a quick and hassle-free onboarding.
Experience:We possess significant experience in providing managed KYC and CDD Services for DPMS, TCSP, Accountants, Auditors, Real Estate Agents, Lawyers, and Notaries.
Knowledge: Afinur possesses premium know-how in KYC, Screening, Standard Due Diligence, Enhanced Due Diligence, Risk Assessment, PEPs, UBO, Adverse Media Screening, Sanctions, and overall AML Compliance requirements.
High-quality Service:We are committed to providing a high-quality service with significant cost savings.
Screening Software:We use state-of-the-art Name Screening Software to check with the African local terrorist list, UNSC list, and other sanctions lists as per the customer requirement.
Minimize Operational Risks:Leverage a standardized work methodology to manage and exchange KYC and CDD information.
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