AML/KYC SOLUTIONS
At Waystone, we have a dedicated Anti-Money Laundering (AML) Team with over 30 years’ experience in analysing data of corporates and individuals within the Funds and Aviation Industry to identify potential money laundering activities.
Our team are highly skilled in performing AML Risk Assessments, ongoing monitoring and daily screening. We are responsible for ensuring businesses globally comply with anti-money laundering rules and regulations which are implemented through robust end to end processes.
As a leader in the industry of institutional governance, risk and compliance services to the asset management & Aviation industry, we understand the crucial role that the AML/KYC function plays in assisting with governance and oversight of potential and existing clients. We aim to enhance adherence to AML requirements and obligations, ensuring compliance across multiple jurisdictions by aligning our practices with the regulatory frameworks of all relevant authorities. This approach guarantees that each client meets the diverse standards set by different regulators, effectively addressing the complex and varied regulatory landscapes in which you operate.
Our AML / KYC Due Diligence Solution
We use a bespoke AML/KYC Solution to manage and perform AML risk assessments & screening for our customers. Our system is fully comprehensive and is used to manage and store customer documentation and data, as well as to perform one-off or daily screening.
Bespoke CDD Services
We offer three bespoke services which can be tailored according to client needs:
1. Once-off Screening/Background Checks – Protect your business with our reliable once-off AML screening and background checks against Sanctions, Enforcements, PEPs & Adverse Media. Any materially relevant findings will be reviewed and escalated for consideration.
2. Daily Screening & Ongoing Monitoring – Stay compliant and secure with our daily screening and ongoing AML monitoring services.
3. Full AML Risk Assessment – Ensure compliance and safeguard your business with our comprehensive AML Risk Assessment services. Our team completes a thorough Risk Assessment profile encompassing all relevant risk factors before determining an overall risk classification. This profile dictates the level of due diligence required. In addition to the Full AML Risk Assessment—covering the entire structure, including identity verification of all controllers and UBOs, and ongoing screening and monitoring of all connected parties—a periodic review will also be conducted to ensure continuous compliance and address any emerging risks.
AML Delegate Service
In addition to our Bespoke CDD solutions, we also offer an AML Delegate Service:
- Full AML Risk Assessment and review of all investors into the fund (corporates and individuals)
- Controller and UBO identity verification & ongoing screening (Sanctions, PEP, Adverse Media, etc.)
- Periodic Review based on associated risk rating of investor
- Annual AML Report provided per fund with high level overview/KPIs
Serving Diverse Jurisdictions
At Waystone, we cater to a wide range of jurisdictions, ensuring compliance with regional and international AML/KYC regulations. Our services are designed to meet the specific regulatory requirements of jurisdictions including, but not limited to:
- United States
- European Union (EU)
- United Kingdom
- Cayman Islands
- Hong Kong
- Singapore
Our global reach and local expertise allow us to effectively manage the diverse compliance needs of our clients, regardless of their location.
Tailored Solutions for Target Clients
We specialise in providing AML/KYC solutions for:
- Asset Managers: Supporting compliance needs for fund management companies, hedge funds, private equity, and venture capital.
- Aviation Industry: Ensuring thorough due diligence and AML compliance for aircraft leasing, financing, and related transactions.
- Corporate Entities: Serving the needs of multinational corporations, offering comprehensive AML/KYC services to mitigate risk.
- Financial Institutions: Providing robust AML solutions for banks, insurance companies, and other financial services organizations.
- Wealth Management Firms: Supporting the complex compliance needs of wealth managers, including client AML Risk Assessments and ongoing monitoring.
Our solutions are adaptable to the unique requirements of each client, ensuring that they meet all necessary regulatory obligations while supporting their business objectives.
If you would like to find out more about how our AML/KYC solution can help you with your requirements, please get in touch with your usual Waystone representative or via the form below.