Before accepting investment, founders must carry out proper due diligence on their investors. All investors must go through AML checks, including identity verification and source of funds and wealth enquiries. Individuals must be screened for sanctions status, PEP status, adverse media, and litigation history. Failing to carry out proper AML checks breaches the Money Laundering Regulations and can result in serious penalties.
We provide complete AML management and ongoing due diligence services for a fixed fee, covering screening, onboarding, risk mapping, enhanced due diligence, and automated ongoing monitoring.