Manage KYC & Due Diligence
Know Your Customer: The First Line of Defense
Know Your Customer (KYC) and Customer Due Diligence (CDD) are foundational elements of any compliance framework. We provide managed services to verify the identity of your clients, assess their risk profiles, and screen them against global sanctions lists. This protects your business from being used for illicit activities and ensures compliance with UAE Central Bank and Ministry of Economy regulations.
Why this matters
In a global hub like Dubai, dealing with international clients requires rigorous screening. Our solution involves checking Ultimate Beneficial Owners (UBOs), Politically Exposed Persons (PEPs), and adverse media to give you a clear picture of who you are doing business with.
Service Features
Everything included in this package
Customer Identity Verification (KYC)
Ultimate Beneficial Owner (UBO) Identification
Sanctions & PEP Screening
Enhanced Due Diligence (EDD) for High-Risk Clients
On-going Monitoring & Periodic Reviews
KYC Risk Assessment & Profiling
Remediation of Legacy Client Files
Third-Party Vendor Due Diligence
How We Deliver Results
Collection
Gathering ID documents (Passport, Emirates ID) and corporate papers.
Verification
Validating documents and identifying the actual UBOs.
Screening
Running names against global watchlists (UN, OFAC, EU) and PEP databases.
Risk Rating
Assigning a risk score (Low, Medium, High) to determining the level of monitoring.
Frequently Asked Questions
Why is KYC important?
It prevents identity theft, financial fraud, and money laundering, safeguarding your business reputation.
What is Enhanced Due Diligence (EDD)?
A deeper investigation required for high-risk customers, involving source of funds verification and senior management approval.
Do I need to check UBOs?
Yes, identifying the physical individual who ultimately owns or controls the company is a mandatory regulatory requirement.