Compliant Lifecycle Processes for Trust Provider
Atfinity implemented KYC/AML-compliant processes for an International Trust Provider
Business Case
An international Trust Provider operating in multiple locations and managing structures according to different jurisdictions needed to digitize their trust creation, as well as ongoing KYC/AML reviews and change in circumstance processes in order to keep up with regulatory requirements and keep their operations efficient.
Solution
Atfinity delivers end-to-end client trust creation, KYC/AML review and change in circumstance journeys supporting the advisors to adhere to the regulatory requirements.
The processes cover:
- guided data collection via Atfinity's case manager
- automated background checks via Worldcheck
- contract generation
- automated client risk assessments
- risk based KYC/KYB data collection
- and approval journeys
Atfinity is deployed by the client on a private cloud, connected to their CRM.
The processes cover:
- guided data collection via Atfinity's case manager
- automated background checks via Worldcheck
- contract generation
- automated client risk assessments
- risk based KYC/KYB data collection
- and approval journeys
Atfinity is deployed by the client on a private cloud, connected to their CRM.
Impact
- Systematic data collection allows much faster creation of wealth structures
- Periodic and time based reviews esnure ongoing compliance
- Flexibility of no-code platform allows cost effective implementation of regulatory updates
- Periodic and time based reviews esnure ongoing compliance
- Flexibility of no-code platform allows cost effective implementation of regulatory updates
