Anti-Money Laundering & KYC Management for SME’s
Chartered-accountants, Law Firms, Wealth Managers, Real Estate Agents, Insurance Brokers, Notaries and all others advisory activities that are subject to Anti-Money Laundering & KYC European Directives.
Features (Anti-Money Laundering & KYC Management)
PEP, RCA (closed persons) & sanctioned watchlists
In order to facilitate you Anti-Money Laundering & KYC Management obligations, Ibakus checks the status of your contacts in paid and free watchlists to find out if your clients are politically exposed (PEP), sanctioned in international or national lists (e. g. American OFAC list or national assets freeze lists), or if they are close to one of these persons (RCA).
Constant & automatic vigilance
Vigilance, which is one of the most important obligations of AML obligations, is automated and done regularly to ensure that your customer’s status does not change suddenly during the business relationship.
Calculation of the risk of the relationship
We calculate the risk level of money laundering with:
– the recommendations of the European Anti-Money Laundering Directives
– the status of your contacts in our databases (Watchlists)
– the data collected on your contact
– and your relationship with him.
Permanent audit of your KYC
Assistance in the proper collection of information according to your own information collection policy.
Verification of the authenticity of identity documents
When proceeding to Anti-Money Laundering & KYC Management procedures, it is very important to verify the authenticity of identity documents (passports, identity cards and residence permits). Ibakus takes care of this using state-of-the-art technology.
Verification of the client’s identity
Verification of the identity of the client/prospect with an analysis comparisons of the portrait on the identity document and a selfie “Liveness” (video verification) from summer 2019.
Automatic document production – Reporting
Ibakus automatically produces many documents which are required for your compliance.
Extraction of data from identity documents (OCR)
When scanning the identity document, the holder’s information is extracted and placed in the corresponding fields.
Book now your 30-minute demo
We take the security of your data very seriously
PSF Cloud hosting
IBAKUS KYC is a CLOUD solution. We host our data with a Luxembourg service provider accredited by PSF (One of the most secure in the world and regulated by the Financial Services Supervisory Authority – CSSF).
It is one of the most advanced form of encryption, involving 14 substitution, transposition and mixing rounds for an exceptionally high level of security. AES-256 encryption is approved by the NSA for top secret information.
Double authentication is a method by which a user accesses a computer resource after presenting two separate proofs of identity to an authentication mechanism
For SMEs that have AML & KYC obligations management, we offer a wide range of subscriptions that evolves with the number of cards. The cards are the individuals and legal entities encoded in the application. Subscriptions are paid monthly or quaterly and you can switch from one to the other at any time.
For FinTechs, which always have Anti-Money Laundering & KYC Management, we have a pay-as-you-go formula for initial checks, with an optional subscription for vigilance.
How can Ibakus.kyc be used?
You create your account on Ibakus.kyc and encode your client’s informations yourself (or import it with a csv file). Your AML & KYC obligations management will be done accordingly.
Integration with business software
Do you use CRM or business software? Ibakus can (with the help of the editor) synchronize the data to avoid double encoding for your AML & KYC obligations management. (See the new 2.0 features)