Legal and financial/accounting professions are particularly targeted by the 4th EU Directive.
Simplify your life! 1stKYC helps you collect the necessary information and automatically takes care of due diligence.
For these professions, two rules are important:
> Before entering into a relationship with a new entity, it is a legal obligation to KNOW YOUR CUSTOMER and assess the degree of risk associated with this new relation.
>> Fill in the legal or natural person form, and 1stKYC will remind you of the information you must not forget to collect. This way, you can be sure you won’t miss anything important.
>> Based on the client’s first and last name:
- we check our global database (approx. 6,000,000 entries) to see if the client appears on any of the +/- 1,100 global sanctions lists we are dealing with,
- we check that the client is not a politically exposed person or a close associate of such a person
- we identify any negative press articles in the global media.
Once the customer file is complete, 1stKYC will give you an assessment of the risk generated by the relationship.
> Automatically apply the principle of vigilance set out in the Directive.
For all your cards, 1stKYC automatically checks every day that the client’s situation has not changed since the previous check.
If the application detects a change in the client’s situation, the 1stKYC user is immediately notified.
For your profession, using the SaaS (Software as a Service) version frees you from day-to-day concerns. If you do not hear from us, it means that your file is progressing smoothly.
