Business KYC and AML compliance for Investment firms

Comply with AML and KYC regulations

Venture Capital firms, 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. Investment firms are under pressure to remain on top of many rules across worldwide jurisdictions.

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

Industry challenges: Risks of non-compliance

1. Global penalties have attained $52 billion, since the 2007 financial crash, for non-compliance with Anti-Money Laundering, Know Your Customer, and sanctions regulations.
2. To keep up with traditional KYC regulations and review cycles, KYC teams must perform laborious, redundant, and highly manual tasks across siloed data.
3. One study by Kofax found that the 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 platform, 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 Screening Software. Vespia performs Global Sanction Lists, PEP lists, and Adverse Media Data checks to uncover the real identity of your customers.

High-Level Customer and Employee 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 employees 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.

A single solution for all your verification schemes

Know Your Business checks (KYB)

Obtain all the information regarding a company.

Know Your Customer checks (KYC)

Gather everything you need to know about your customers.

Anti-Money Laundering checks (AML)

Get structured and real-time PEPs, sanctions, and watchlist Data.

Ultimate Beneficial Ownership (UBO) verification

Screen for UBOs as per the KYC onboarding approach.

Ensure AML/Business KYC Compliance with Vespia

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

‍

‍