KYC/AML Compliance Service
International-level name verification data system, complying with customs regulatory and record-keeping legal requirements, helps prevent problems arising from transactions. Free screening and checking of international sensitive lists on behalf of clients, extensively covering the needs of global banks.
World-class systems include:
- World Check
- Accuity
- Dow Jones
- OFAC
What is Name Compliance Screening?
A service provided by world-renowned suppliers to identify whether a name is involved in financial crimes or poses reputational risks. Suppliers constantly gather news and case information from around the world to provide the most up-to-date and definitive name data. This service complies with regulatory legal requirements worldwide and is adopted by many world-renowned banks, its credibility is beyond doubt.
Name Compliance Screening Case Example
Example of name compliance screening: Chen Shui-bian Result of name compliance screening: HIT, Politically Exposed Person (PEP), Criminal, Country/Region: Taiwan
If the result of the name compliance screening is a HIT, but the related transaction is still carried out, the possible consequence is that the bank may investigate and request proof of the payee and related transaction contract documents.
From the perspective of Hong Kong Customs, Money Service Operator that fail to conduct proper due diligence may be suspected of involvement in money laundering activities, resulting in license revocation and potential criminal liability.
