InstantWatch KYC Screening is a complete solution for companies of all sizes who wish to fulfil the requirements of the latest AMLD and know their customer.
Join hundreds of like-minded people and “Know Your Customer” instantly with Trapets’ KYC screening tool – available directly within your browser or via API.
“Identify and verify genuine clients within seconds with InstantWatch KYC Screening”
Know Your Customer (KYC), is an important part of the EU’s AMLD. Regulated companies must screen their clients against EU/UN sanctions lists, identify if a client is a Politically Exposed Person (PEP), or a Relative or Close Associate (RCA). Failure to comply can result in crippling fines, a loss of reputation, and reduced profits.
Talk to one of our experts today for more information about how our platform can solve your requirements.
New clients should be screened during the client onboarding process. All clients should be screened on an ongoing basis. Fortunately, this process can be automated within our platform, saving you hours each day.
If a customer is identified as a politically exposed person (PEP) or a relative and close associate (RSA) an enhanced due diligence assessment will need to take place, this can be automated within our platform by adding our CDD module.
The InstantWatch platform and associated data are fully compliant with ISO/IEC 27001.
Screening your clients against various forms of sanctions, PEP, adverse media and related lists is a strong first step in becoming compliant with the EU’s AMLD. The next step is to automatically monitor customer transactions using a risk-based approach. This is easily done via InstantWatch AML.
The fastest way to get started is to log in to the platform within your browser. You can also integrate your systems via our API for automatic batch screening.