Our Services
What we make
Digitise Management Consultancy is the trusted solution for all your Anti-Money Laundering Queries.
KYC, CDD & EDD Services
digitise
Strengthen customer identification and due diligence processes with practical KYC, CDD and EDD support tailored to your business and customer risk
Digitise Management Consultancy helps businesses establish and maintain effective customer due diligence processes, from customer identification and verification to enhanced reviews for higher-risk relationships. Our support helps businesses maintain appropriate customer records and apply a risk-based approach to customer onboarding and ongoing reviews.
KYC Process Development - Assistance with establishing practical customer identification and verification processes appropriate to the business.
Customer Due Diligence (CDD) - Support with collecting, reviewing and maintaining the information and documentation required to understand and verify customers.
Enhanced Due Diligence (EDD) - Additional due diligence support for customers presenting higher levels of AML/CFT/CPF risk.
Customer Risk Classification - Assistance with assessing customer risk factors and assigning appropriate risk classifications as part of the CDD process.
Beneficial Ownership Verification - Support with identifying and verifying beneficial owners and understanding ownership and control structures.
Source of Funds & Source of Wealth Review - Assistance with obtaining and assessing appropriate information to understand the source of a customer’s funds and, where required, wealth.
PEP & Adverse Media Screening - Support with identifying politically exposed persons and relevant adverse media indicators as part of customer risk assessment.
Ongoing Customer Due Diligence - Assistance with periodic and trigger-based customer reviews to ensure KYC information remains current and appropriate to the customer’s risk level.
KYC File Remediation - Review and remediation of incomplete, outdated or inconsistent customer files and supporting documentation.
ARE YOU REALLY CONFIDENT ABOUT YOUR CUSTOMER FILES?
Your KYC records should tell the complete story of who your customer is, who owns them and where their money comes from. Let Digitise help you identify and fix the gaps.
Frequently Asked Questions
The frequency should be determined using a risk-based approach. Higher-risk customers generally require more frequent reviews, while reviews should also be triggered by significant changes in the customer relationship or risk profile.
The business should not proceed with or maintain the relationship where required customer identification or due diligence cannot be satisfactorily completed, subject to the applicable requirements and circumstances.
The customer should be reassessed and appropriate additional due diligence and risk mitigation measures should be applied based on the circumstances.
Yes. A risk-based approach means the level and extent of due diligence may vary depending on factors such as customer type, ownership structure, geography, products, services and other relevant risk factors.
The files can be reviewed to identify missing or outdated information, after which the required documents and information can be obtained and the records brought up to the required standard.
