Facilitates an objective approach towards AML compliance
KeYCompliance assists subject persons in determining the information and documentation that one has to collect from customers according to the customer type and the ML/FT risk that the customer would expose a subject person to (i.e. on the basis of the mandatory risk procedures set out in the PMLFTR according to customer risk, interface risk, geographical risk and service risk). The tool itself determines the risk level and the CDD measures one is required to undertake according to the determined risk.
Provides online guidance throughout the whole AML compliance process
KeyCompliance is supported by guidance regarding the CDD requirements. The guidance, together with the requirements, are updated, from time to time, in line with legal and regulatory developments. Furthermore, through the 'Latest News' section, users are informed of developments within the AML/CFT forum.
KeYCompliance is parameterised so users can tailor it to support their particular business rules, unique due diligence processes and risk appetite. Users have control on the parameterising of the risk levels according to one's customer base, product/service offerings and geographic differentiators.