Flawless Liveness Check Solution From KYCAID
The "Know Your Customer" (KYC) procedure may seem unimportant, but, in fact, in today's business environment, it is crucial. Your business must be protected from risks. International transactions are not always transparent, so you need to be confident in your foreign partner to avoid adverse consequences.
Our specialists will quickly and reliably collect the necessary information on your counterparty from available sources, structure it and give an assessment.
Flawless liveness verification Solution From KYCAID.
We can evaluate your company's customers by the following indicators:
Key parameters: By analyzing key indicators, we can accurately assess the overall economic situation of your target company. We will protect you from doing business with partners who are not solvent.
Sanctions and sanctions lists: Many companies and individuals involved in them are under the sanctions of various institutions from different countries. The reasons for this are diverse: involvement in criminal or terrorist activities, money laundering or relations with non-legal states.
PEP (List of Politically exposed persons): Such persons have a high risk of potential involvement in bribery and corruption due to their position and the influence they can exert. Despite the fact that they need to follow stricter rules on combating financial crimes, it can be risky to deal with companies with the participation of such persons.
Media mention: Do you want to know if your target company has been on the front pages of newspapers, has it filed for bankruptcy due to money fraud or is involved in a corruption scandal? For you, we will collect all the necessary information from available sources.
Country risks: Very often, economic and political risks come from the target country. This includes corruption, lack of rule of law, currency fluctuations and conflicts. We will assess how risky transactions with the party in question are for you.
Depending on your wishes and requirements, we can also consider certain aspects of the counterparty's activities for you. For business partners with transactions with particularly high risk or high value, we will conduct an Enhanced Due Diligence (EDD)) . This includes getting all the information relevant to a full data check. We will accurately assess the risk on our own rating scale:
A - low risk:
You can confidently make deals with the target company. However, to avoid problems in the future, we recommend checking your business partner regularly.
B - Medium:
You should take certain measures before carrying out transactions with the target company. We can advise you how to do it. Before starting cooperation, take care of the settlement of disputes. We can advise you how to do it.
C - high risk:
We do not recommend cooperation with the target company.