Automate the client onboarding process
One solution for your AML needs - digital, efficient, secure.
We guide you and your clients through the entire process of collecting and submitting the required information.
KYC and risk assessment in one solution
Guided risk assessment
Step-by-step risk assessment with automatic PEP and EU Sanctions List check.
Get all your actions documented automatically and stay on top of onboarding duties.
Secure record of active and completed client relationships in compliance with GDPR.
Customer due diligence made easy
ERP systems integration
Import client data in just a few clicks and ensure a frictionless process.
Business registers lookup
Retrieve company information and identify the beneficial owners automatically.
Continuous data monitoring
Get notified of changes in the data and request new information to keep your client relationships up to date.
Professional and secure customer experience
Efficient data collection
Your clients can submit information from any device within minutes. Fast and convenient.
Secure data storage
Your clients’ data is handled with the highest level of security. All information is end-to-end encrypted.
Modern customer experience
Build trust from the start - give your clients a secure way of providing you with personal sensitive information.
AML compliance in minutes
Effortless, secure, and compliant client onboarding process
Identification with national eID
Allow your customers to confirm their identity using a national eID – it’s quick, secure, and works the same way as when they log in to their online banking, for example.
Data security and GDPR compliance
You can rely on our end-to-end encryption, document audit trail as well as policies for data retention and disposal.
KYC is mandatory for the entities Anti-Money Laundering laws apply to, i.e.:
auditors, accountants, and tax advisors
credit and financial institutions
real estate agents
notaries and other independent legal professionals
trust or company service providers
gambling service providers
other persons trading in good valued over €10.000
Even if your firm is not required to comply with Anti-Money Laundering laws, KYC is rapidly becoming the norm for all industries as it’s always a good idea to ensure you’re doing business with trusted entities.
When you start a new business relationship, you need to collect:
information on the identity of the customer and beneficial owners (name, address, etc.)
information on the purpose and intended nature of the business relationship (source of income, frequency of transactions, etc.)
additional information needed to rate the risk level of the customer (type of business, geographic location, etc.)
You can read more about the data collection and Customer Due Diligence (CDD) process here.
Yes! Penneo is built with safety and compliance in mind to provide you with an easy way to meet all AML requirements. Hundreds of security-conscious customers already use it on a daily basis to onboard clients digitally and document their compliance efforts.