kyc-procedure

KYC customer due diligence under 115-ФЗ involves pre-onboarding screening, client identification, sanctions and PEP checks, beneficial owner identification, and weighted risk scoring to categorize clients. This ensures compliant onboarding and satisfies Russian anti-money laundering regulatory requirements.

Enhanced due diligence for high-risk clients in AML compliance applies stricter verification procedures during the KYC workflow. It involves deeper document collection, detailed sanctions screening, and continuous ongoing transaction monitoring to mitigate elevated money laundering risks under 115-ФЗ.

Weighted risk scoring for client onboarding uses a built-in risk categorization framework to evaluate client data against 115-ФЗ criteria. It assigns scores to various risk factors, classifying clients into low, medium, or high risk tiers to ensure AML compliance.

Yes, this KYC workflow supports sanctions screening and beneficial owner identification as core components. It integrates these checks into the end-to-end customer due diligence process to ensure full compliance with 115-ФЗ anti-money laundering regulations.

Yes, you can use this for corporate client onboarding to automatically collect incorporation documents, run PEP checks, identify beneficial owners, and generate a risk assessment. It produces a compliant customer file retained for 5 years per 115-ФЗ directives.

Ongoing transaction monitoring for AML compliance is required after client onboarding to track high-risk clients continuously. It identifies suspicious activities over time, ensuring the financial entity maintains adherence to 115-ФЗ regulations throughout the customer lifecycle.