Managed KYC and CDD Services in Singapore

Managed KYC and CDD Services

We, AML Singapore, support our clients by managing their customer onboarding and taking care of KYC and customer due diligence measures. This will ensure that the customer onboarding process is quick and easy while remaining fully compliant with AML requirements in an affordable manner.

It has been noticed that business in Singapore faces hardships in hiring skilled and proficient AML personnel to perform the KYC and CDD processes for each customer. The flaws in the initial customer onboarding process adversely impact the complete AML compliance program.

We offer expert services in managing your customer onboarding process by performing the relevant AML compliances with complete KYC details and adequate CDD measures. By this, we make your customer onboarding process a smooth and speedy ride without you being concerned about transacting with an incorrect customer or worrying about compliance with AML obligations in Singapore. Placing AML KYC and CDD exercises in our hands allows you to focus on your core business operations. With our outcome-driven methodology in managing your customer’s KYC and Customer Due Diligence, your company would observe the following benefits:

We offer expert services in managing your customer onboarding process by performing the relevant AML Compliances with complete KYC details and adequate CDD measures. By this, we make your customer onboarding process a smooth and speedy ride without you being concerned about transacting with an incorrect customer or worrying about compliance with AML obligations in Singapore. Placing AML KYC and CDD exercises in our hands allows you to focus on your core business operations. With our outcome-driven methodology in managing your customer’s KYC and Customer Due Diligence, your company would observe the following benefits:

AML compliance at affordable cost, with quick and enhanced customer onboarding practice

100% complaince with with ever-evolving AML compliance obligations and effectively mitigating the overall Ml/FT exposure

No worry about the compliance and enhanced productivity towards the critical business operations

Identify potential ML exposure connected with the customers well in advance

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Achieve all your AML compliance needs by creating an internal dedicated AML compliance team with the assistance of AML Singapore

Managed KYC and CDD Services Methodology

Issuance of Customer Onboarding Kit

Data Acquisition on secured and shared cloud-based repository

Data Processing by qualified AML consultants

Client communication for deficiency in data

Name Screening, Due Diligence, Risk Assessment Enhanced Due Diligence

Risk Assessment

Data Review by QC team

Remedial Measures
(STR/ Cash Transaction Report, Client Rejection)

Customer Onboarding Completion

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Achieve all your AML compliance needs by creating an internal dedicated AML compliance team with the assistance of AML Singapore

Managed KYC and CDD Services Methodology

Customer recognition program
Customer due diligence (CDD)
Ultimate Beneficial Owner Identification
Enhanced due diligence (EDD)

Risk assessment or categorization
Transacting with a Politically exposed person
Adverse media screening
KYC redressal and information update

Alert investigations
Tailored due diligence reports
Data verification, sanitation, and authentication

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Achieve all your AML compliance needs by creating an internal dedicated AML compliance team with the assistance of AML Singapore

Key Differentiators

Efficient Processes

We use the internationally accepted practcies for KYC and CDD measures to improve compliance and efficiency.

Better Customer Experience

We offer a consistent and improved customer experience while onboarding the customers. We use technology and automated solutions to ensure a quick and hassle-free onboarding.

Experience

We hold diverse experience in providing managed KYC and CDD Services for DPMS, Financial Institutions, Accountants, Auditors, Real Estate Agents, Lawyers, and Notaries.

Knowledge

AML Singapore possesses premium intelligence around KYC, Screening, Due Diligence (including Enhanced Due Diligence), Risk Assessment, PEPs, UBO, Adverse Media Screening, Sanctions, and overall AML Compliance requirements.

Exceptional Services

We are committed to providing a high-quality service in a cost-effective way.

Screening Software

We use top-notch quality Name Screening Software to check with the Singapore local terrorist list, UNSC list, and other sanctions lists as per the clients' nature of business and clientele.

Minimize Operational Risks

Using a consistent and a standardized approach in managing and exchanging KYC and CDD information.