Penneo

KYC & AML Compliance

Reduce the time spent on onboarding new clients and take care of regulatory compliance. Connect with a client, perform automatic checks and request additional information in minutes. It’s easy, secure, and convenient for everyone involved.​

KYC & AML Compliance

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.

Risk assessment
Fully automate your process - from identifying the owners and checking for PEP to collecting additional information.
Record keeping
Easily retrieve data for current and past interactions and prove you have done everything that the law requires.
Risk assessment
Data monitoring
Don't worry about outdated information. Data is synced with different databases so you get notified every time there is a change.

KYC and risk assessment in one solution

Guided risk assessment
Guided risk assessment
Step-by-step risk assessment with automatic PEP and EU Sanctions List check.
Activity log
Activity log
Get all your actions documented automatically and stay on top of onboarding duties.
Archive
Archive
Secure record of active and completed client relationships in compliance with GDPR.

Customer due diligence made easy

ERP systems integration
ERP systems integration
Import client data in just a few clicks and ensure a frictionless process.
Business registers lookup
Business registers lookup
Retrieve company information and identify the beneficial owners automatically.
Data monitoring
Continuous data monitoring
Get notified of changes in the data and request new information to keep your client relationships up to date.

Professional & secure customer experience

Data collection
Efficient data collection
Your clients can submit information from any device within minutes. Fast and convenient.
Security
Secure data storage
Your clients' data is handled with the highest level of security. All information is end-to-end encrypted.
Customer experience
Modern customer experience
Build trust from the start - give your clients a secure way of providing you with personal sensitive information.

AML compliant in minutes

Create client
Create client and identify owners
Risk assessment
Perform risk assessment
Upload the documents
Collect and upload documents
Approve information
Approve information
Data monitoring
Continuously monitor data

Effortless, secure, and compliant client onboarding process

Identification with national eIDs
Free time to focus on the work that matters
Allow your customers to confirm their identity using their national eID – it's quick, secure, and convenient for everyone involved.
Data security and GDPR compliance
Take the compliance hassle out of the way
You can rely on our data encryption, document audit trail, as well as policies for data retention and disposal to ensure GDPR compliance.
AML compliance
Improve your business interactions
Offer your clients a smooth onboarding, while meeting legal requirements too. We help you comply with the rules of the latest AML Directive.

Get started with Penneo today

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FAQ

KYC is mandatory for the entities AML 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 AML 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. You can find a complete overview of all four requirements needed to comply with Anti-Money Laundering laws here.

Learn more about Anti-Money Laundering and Know-Your-Customer

Know Your Customer (KYC): Digital Identity Verification

  Verifying the identity of your customers is not just a smart move –...

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Customer Due Diligence: Requirements, Procedures & How to Comply

  Customer Due Diligence (CDD) is a critical business activity that most firms should...

Read more
The Four AML requirements & How to Meet Them

  Ensuring compliance with laws and regulations requires a great deal of effort for...

Read more
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Signing & data collection

Get documents signed faster. Collect the information you need and manage your document workflows in an easy and compliant manner.

KYC & AML compliance

Automate client onboarding and AML compliance. Perform risk assessments and collect client documentation in a safe and efficient way.