Compliance and AML

Wiss Capital GmbH

Ensure compliance and security with our AML solutions.

Wiss Capital GmbH

Development Of Kyc/Aml Procedures

AML and KYC policies

AML and KYC

AML and KYC policies are developed in order to identify customers and business partners in the framework of combating the legalization (laundering) of illegally obtained income. These policies are mandatory for structural divisions and employees of the company.

Questionnaires

In order to identify a legal or private person, a KYC questionnaire shall be developed, which must contain full information about the person being identified. The purpose of this questionnaire is to find out the origin of incoming cash flows, the estimated turnover, information about partners, to identify the true beneficiary, and also to obtain information about associated companies.

Sanction Lists Verification

Many companies and private individuals associated with them are under the sanctions of various institutions from different countries. The reasons for this vary: involvement in criminal or terrorist activities, money laundering, or relations with unlawful states.

Our specialists will quickly and reliably collect the necessary information on your counterparty from available sources, structure it and issue a conclusion.

Assistance In Compliance Passing

Compliance is a check, which is an important stage in starting a business relationship with a new counterparty, as well as starting the procedure for opening an account.

Compliance

Compliance is a check, which is an important stage in starting a business relationship with a new counterparty, as well as starting the procedure for opening an account. It is also worth mentioning that all potential and often existing bank customers are forced to go through compliance check. Compliance is a thorough bank control, which is carried out by a special department in the bank and is aimed at determining the client’s compliance with the requirements of financial and other legislation.

Especially often, potential clients of banks may face the following problems:

– refusal to open an account;
– sudden account blocking;
– bank’s request for missing documents.

Once compliance problems arise, bank may initiate an additional audit of the company. Therefore, this procedure should be treated with maximum responsibility even at initial stage and entrusted to skilled specialists.

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