KYC and compliance
In ensuring compliance CAM Financial Services supports you with a multi-level KYC process: the clear identification of all contractual and business partners is followed by the verification of this information and the determination of financial beneficiaries. After this, the available information is compared with lists:
The following lists are checked:
Politically exposed persons (PEPs)
- Anti-money-laundering (AML)
- Combating the financing of terrorism (CFT)
All process steps from the identification to the verification and list comparison can be carried out fully automatically using the KYC feature and diverse information agency interfaces, and the information can be continuously monitored and updated. If changes occur (e.g. a person is added to a terrorism list), the system reacts automatically. All the processes are completely documented and historical data is retained in order to provide the obligatory proof for audits.