KYC as a Service: Ease the burden on your legal team and optimise your compliance process Are you a scale-up or medium-sized business, private equity fund or pension fund? Is Know Your Customer (KYC) or Ultimate Beneficial Owner (UBO) compliance taking too much of your time? KYC as a Service can help overworked legal counsels to optimise, streamline and better manage their KYC and UBO compliance workflows quickly and cost-effectively.
KYC compliance is a headache Whatever the size of your business, the KYC and UBO rules to
But for lean-running scale-up and medium PE firms, pension
counter fraud, money laundering and financial terrorism place
funds and businesses, meeting KYC and UBO rules is a major
another burden on already stretched legal or compliance teams.
headache. The result is spreadsheets and scattered information,
Performing the necessary Customer Due Diligence eats up pre-
ad hoc processes, last-minute rushes, insufficient audit trails and
cious time. This is less of a problem if you are a large financial
a general lack of control. Plus, talented legal professionals spend-
institution or global corporate. These can spread the workload,
ing too much time on a mostly administrative task.
hire extra staff or ask companies like Legadex to supply experienced support.
www.legadex.com