The KYC modules allow methodical collection and storing of customer information and supporting documents. Full compliance and verifiable onboarding policies and procedures can be adhered to. The process of collecting and verifying information of each corporate or individual customer is surrounded with validation, workflow enforcement and business rules that impose AML or AMLTF Policies and Procedures.
FxOffice KYC data is accessible across the entire platform. Every client, transaction, and account can be screened through watch filters, compliance rules and operation control points to protect financial institutions from both initial and continual risk. Watch lists, politically exposed person (PEP) screens, risk-based scoring, transaction monitoring, regulatory reporting and other compliance functions are solidified with centralized and thorough KYC data.