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
How we can help your KYC compliance
Legadex systems advice and operational support
The good news is that we can help you too. As an innovative Legal Service Provider, we specialise in managed legal services, legal and compliance consulting and advanced information and implementation services.
Our KYC as a Service offering comprises two elements: project-based advice and implementation to get your workflow in order, and ongoing operational managed services performed remotely, from our office. These come as a package but are also available individually.
Our 300+ clients across Europe include leading private equity firms, scale-ups, corporates and banks. On KYC compliance, our know-how derives from providing on-site support to major banks
KYC systems advice and support:
and corporates. Now, by combining this experience with our
Implementation of cost-effective, right-size technology solu-
managed services offering, we can offer a similarly high-quality
tions that automate and centralise compliance, standardis-
solution to a wider group of companies to:
ing your KYC onboarding process. This can involve adapting your existing solutions or employing SaaS solutions that
lift the burden of KYC administration from your legal
align with your reporting and audit needs.
counsel or legal team, increasing your operational efficiency so you can focus on more complex advisory tasks
Operational managed services: Collection, analysis, verification and archiving of
improve your compliance processes with custom
legal and KYC documentation, identifying UBOs
workflows that ensure you meet your legal requirements
and Politically Exposed Persons (PEPs).
strengthen your hand in discussions with regulatory
Anti-Money Laundering (AML) checks and
authorities about appropriate compliance levels.
transaction-monitoring checks. Reviews of current and potential clients against international financial sanctions lists.
A cost-efficient solution
Assistance with compliance reviews and auditing in
Do you want to have more time to focus on advi-
accordance with your internal compliance policies.
sory tasks and the security of knowing your KYC compliance process is in experienced hands?
Assistance with answering compliance questions from regulators and banks.
Our solution starts from just â‚Ź750 per month, depending on your ongoing monthly needs.
Advice on new legislation and regulatory developments.
For more information, please contact Morad Kada or Luc van Daele:
Support for your Legal or Compliance department on general KYC and CDD-related matters.
Morad Kada T: +31(0)20-8208396 E: mkada@legadex.com
Luc van Daele T: +31(0)20-8208396 E: lvandaele@legadex.com
www.legadex.com