Distributors and Assets Get Accurate Risk Scores in KPMG’s Know Your Business Relationships Solution
KPMG has launched its innovative Know Your Business Relationships (KYBR) solution to enhance anti-money laundering (AML) and combating the financing of terrorism (CFT) controls. The platform assigns accurate risk scores to distributors and assets, enabling organizations to effectively manage their business relationships and comply with regulatory requirements.
A Comprehensive Due Diligence Process
The KYBR solution combines a web-based tool and a dedicated team of AML/CFT experts to provide a comprehensive due diligence process for all types of relationships, including:
- Customers
- Investors
- Assets
- Transfer agents
- Portfolio managers
- Custodians
- Brokers
- Distributors
Key Features
The KYBR solution offers the following key features:
Efficient Workflow Management
- A web-based tool that streamlines workflow and case management
- Data repository for efficient storage and retrieval of due diligence assessments and documentation
Expert Due Diligence Reviews
- Dedicated team of AML/CFT experts who perform first-level due diligence reviews
- Collect and review documents, and prepare files for final validation
Customizable Due Diligence Controls
- Fully customizable Due Diligence controls for all business relationships, in line with applicable law and regulations
Single Repository & Dashboard Tool
- Efficient storage and management of initial and ongoing Due Diligence assessments and documentation
Integrity Line: An End-to-End Whistleblowing Platform
The KYBR solution also includes KPMG’s Integrity Line, an end-to-end whistleblowing platform that allows organizations to:
- Design policies
- Build a framework to receive reports
- Perform triage
- Investigate cases
- Respond to whistleblowers in a timely manner
Commitment to AML/CFT Compliance
“We understand the challenges that organizations face in managing their business relationships and ensuring compliance with AML/CFT regulations,” said a KPMG spokesperson. “Our KYBR solution is designed to provide a tailored approach to due diligence, leveraging our years of expertise and innovative technology to support clients in achieving their desired outcomes.”
Request a Demo
To learn more about KPMG’s Know Your Business Relationships solution and request a demo, please visit [website URL].