Had Enough Of Inconsistent KYC Check Results?
This has been a huge challenge to businesses and it always yields substandard results. This has subsequently led to acquisition of misleading information which has put organizations and businesses at a huge risk. As a result of this, Oysterchecks addresses these shortcomings by performing KYC checks on people, ID documents and companies in a more effective way. Our checks are automated which help you in optimizing your business processes and reduce risk while ensuring total compliance
KYC Checks
Performing Know Your Customer (KYC) checks is a very essential and critical element of client onboarding process especially for the financial services sector. In addition to having KYC checks as a compliance issue, it has a become an integral part of running a business. With increasing regulations and digitization of KYC processes, Oysterchecks provides a highly digitized platform which aims at improving the process while facilitating scalability and cost efficiency to an organization. As part of the KYC process, we offer in-depth regulatory checks such as adverse media/negative news screening, Political Exposed Person (PEP) checks and sanctions checks. These sanctions check ensure compliance to regulatory requirements in line with UK, USA and EU jurisdiction by adhering to United Nations (UN), European Union (EU) and HM Treasury (HMT) sanction lists.