KYC Worldwide believes the enforcement grip of supervisory bodies tasked with monitoring the compliance of relevant persons within the various national AML/CFT regimes will increase over the next decade with penalties for non-compliance becoming ever more punitive.
This is why KYC Worldwide was created to deliver a fully auditable risk verification CDD service to regulated businesses in Jersey and further afield. KYC Worldwide has developed systems and processes that are more accurate, cost effective and less time consuming than in-house functions whilst maintaining a high quality and fully auditable set of records that are a requirement of AML/CFT regimes around the world. The service offers measurable benefits in risk reduction, process improvement and improved return on investment for clients of the business.
KYC Worldwide has researched the current CDD/KYC systems and services currently available and believes its approach of risk verification is unique.