Business KYC and AML compliance process for Investment Companies

Comply with AML regulations & conduct Due Diligence 

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Venture Capital funds, investment companies, wealth management organizations, private equities, and investment banks encounter challenges in customer onboarding operations.

At the same time, financial crime is increasing, and regulators are reacting. Your investment firm is under pressure to remain on top of many rules across worldwide jurisdictions.

With Vespia, your investment business can overcome these challenges and streamline your strategy to processes and regulations. Using Vespia, you can pinpoint risky entities and behaviors before they become threats, and make the right decision.

Industry challenges: Risks of non-compliance

• Global penalties have attained $52 billion, since the 2007 financial crash, for non-compliance with Anti-Money Laundering, Know Your Customer, and sanctions regulations.
• To keep up with traditional KYC regulations and review cycles, KYC teams must perform laborious, redundant, and highly manual tasks across siloed data.
• Average onboarding time for high-net-worth clients takes a staggering and exhausting 41 days.

Know your investors better and comply with AML requirements

In a single solution, Vespia helps your business access and enrich the finest business KYC & AML data from global sources, reaching more than 300 jurisdictions, which joins your compliance ecosystem to the information you need to make more secure compliance decisions.

Faster customer due diligence with fewer AML risks

The investor onboarding process is essential for investment firms. Businesses aim to deliver fast and safe service to enhance their investors' experience. Investment institutions meet AML obligations in the account opening procedure for their investors with Vespia AML Compliance Solution. Vespia performs Global Sanction Lists, PEP lists, and Adverse Media Data checks to uncover the real identity of your customers.

High-Level Customer and Compliance Officer Experience

Investors' onboarding experience is becoming more effortless and seamless with Vespia. Investment businesses can automate Know Your Customer (KYC), Know Your Busines (KYB), Onboarding processes, and transactions to minimize manual work for compliance teams and waiting time for customers.

Stay compliant with Investment global regulations

Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) regulations vary in every country with ever-changing requirements.

Funded by unprecedented and up-to-date global data sources, Vespia provides the tools to help you automate and accelerate manual effort in due diligence.

Ensure AML/Business KYC Compliance with Vespia

Reduce false positives and reinforce your compliance process while performing AML Compliance checks in real-time with global data coverage. 

Talk to our experts and get started now! 

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