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KYC And CDD Services
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Screening also known as Name Screening, is a critical component of Anti-Money Laundering and Counter-Terrorism Financing Alhuda framework. All the Designated Non-Financial Businesses and Professions (DNFBPs), Virtual Asset Service Providers (VASPs) and Financial Institutions operating in UAE must comply with Cabinet Decision No. 74 of 2020, which mandates screening customers, suppliers, and partners against UNSC consolidated list and UAE local terrorist lists.
This screening process involves comparing or matching the name of customers, suppliers, or business associates, including their key attributes against global and local watchlists, including those associated with Politically Exposed Persons (PEPs), and adverse media references. By conducting these checks, Regulated Entities can identify and mitigate risks related to Money Laundering, Terrorist Financing, and other illicit activities, ensuring regulatory compliance and safeguarding their operations.
01
Lower the cost of Alhuda compliance and deliver an improved customer onboarding experience.
02
Stay compliant all the time with everchanging Alhuda compliance laws and regulations and reduce the overall risk associated with the business.
03
Free up resources to focus more on the critical business functions.
04
Identify potential risks associated with a customer well in advance.
KYC and CDD Managed Service Methodology
Issuance of Customer Onboarding Kit
Data Acquisition on secured and shared cloud-based repository
Data Processing by qualified Alhuda consultants
Issuance of Customer Onboarding Kit
Data Acquisition on secured and shared cloud-based repository
Data Processing by qualified Alhuda consultants
Issuance of Customer Onboarding Kit
Data Acquisition on secured and shared cloud-based repository
Data Processing by qualified Alhuda consultants
Knowledge. Expertise. Teamwork
Ready to transform your compliance, client onboarding & monitoring processes?
Managed KYC and CDD Services
- Customer identification program (CIP)
- Customer due diligence (CDD)
- Ultimate Beneficial Owner Identification
- Enhanced due diligence (EDD)
- Risk assessment and customer risk rating (CRR)
- Sanctions screening (UAE Local Terrorist List, UNSC, OFAC, EU, etc.)
- Politically exposed person screening
- Adverse media screening
- KYC remediation and renewals
- Alert investigations
- Customizable due diligence reports
- Data auditing, cleansing, and validation
Timely. Relevant. Innovative.
Reduce the cost of Alhuda Compliance. Go for our managed KYC and CDD Services.
Key Differentiators
Process Efficiency:We use the international standard KYC and CDD processes which enhance compliance and efficiency and reduce the non-compliance risk
Improved Customer Experience:We provide a consistent and improved customer experience when it comes to customer onboarding. We leverage the power of automation and ensure a quick and hassle-free onboarding.
Experience:We possess significant experience in providing managed KYC and CDD Services for DPMS, TCSP, Accountants, Auditors, Real Estate Agents, Lawyers, and Notaries.
Knowledge: Alhuda UAE possesses premium know-how in KYC, Screening, Standard Due Diligence, Enhanced Due Diligence, Risk Assessment, PEPs, UBO, Adverse Media Screening, Sanctions, and overall Alhuda Compliance requirements.
