KYC & SOF Reports for AML

In a world where developed countries are increasingly concerned with creating mechanisms to fight terror finance, money laundering and tax evasion, financial institutions, wealth managers, lawyers, accountants and other professional firms are facing demands to comply with increasingly demanding Know-Your-Client (KYC) and Anti-Money Laundering (AML) laws and regulations.

We provide the following services to help small and medium service providers satisfy their domestic KYC and AML obligations when onboarding new clients from Mainland China or Taiwan.

KYC Background Check

Our team, together with a combination of local service providers, conducts a thorough background check on individuals or every Ultimate Beneficial Owner (UBO) of a corporate client to ensure their onboarding does not become a liability for your organization.

The KYC Background Check includes the following information.  All information below is subject to availability on a case by case basis.

1)Background of one selected key individual.

Includes: personal information, related companies where individual is shareholder or responsible person, employment history, negative internet/media search, litigation, bankruptcy and law enforcement actions, personal references check

2)Business intelligence findings.

A team of experienced investigators is deployed to collect information about the company or individual from company insiders, suppliers, customers, reporters, or related members of the local business community. Sources vary on a case by case basis.

3)Politically Exposed Person Database Search
4)International Sanctions/Compliance Database Search
5)Comprehensive International English Language Media Searches
6)Comprehensive Local Language Media Searches
7)Credit Record
8)Bankruptcy Records
9)Civil and Criminal Litigation and Other Law Enforcement Actions
10)Legal Name and Address
11)Registry No. & Office & Registered Capital
12)Branch & Subsidiary
13)Capital Structure & Shareholders
14)Change on Registration Information
17)Facilities & Property
18)Trademark &Patent
19)Purchase Information (Raw Materials and Products) & Payment Terms
20)Sales Information & Collection Terms
21)Financial Information- Financial Statement & Ratios & Comparison with Industry Average
22)Bank Information
23)Industry Analysis
25)Business Status& Ranks
26)Future Prospects

Source of Funds Reports (“SOFR”)

After a  KYC background check is concluded, our team works with a trusted and experienced accounting firm which will prepare the SOFR. The accounting firm will be retained to complete a confidential process to certify that the source of the investment funds is legitimate and legal.