Penneo KYC helps companies meet their anti-money laundering obligations in a more efficient way.
The system automates the entire KYC process — from customer due diligence and client risk assessment to continuous monitoring of the business relationship and screening of customers and beneficial owners against PEP and sanctions lists.
Penneo KYC can help companies that are covered by AML laws to cut down costs, save time, and improve the client experience by automating time-consuming and inefficient KYC processes.
When you start a new business relationship, you need to collect:
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.
You can find a complete overview of all the requirements needed to comply with Anti-Money Laundering laws here.
KYC stands for Know Your Customer and is the process of verifying the identity...
Customer due diligence, aka CDD, plays a crucial part in ensuring compliance with Anti-Money...
The EU’s legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT)...