Many industries are becoming heavily legislated around getting to know your customer from a legal perspective. KYC or Know Your Customer, forms part of the due diligence process for AML/CFT.
But just what are the main elements of a KYC document checklist?
KYC Checklist - Know your customer to protect your business.
As part of the KYC process you will also need to request as verification copies of these KYC documents:
Auditors and legislative bodies are clamping down to capture illegal activities and ensuring purchases are lawful. Acronyms like KYC (Know Your Customer) CDD (Customer Due Diligence) and AML (Anti Money Laundering) have placed added focus on clearly verifying the identity of your customers and the source of their funds for purchases of property and businesses.
Completing a kyc checklist with FileInvite will ensure that you have all your supporting files in one system should you be required to provide them.
Our secure client portal also gives a good first impression. Users can complete and e-sign or digitally sign your KYC form, and upload supporting documents from any device.
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