KYC Verification Service
Comprehensive KYC Solutions: Tailored Services for Low-Risk and High-Risk Clients
We provide specialized services to ensure thorough and compliant customer verification processes, enhancing your AML efforts and safeguarding your organization from potential risks. Whether managing routine verifications or complex high-risk cases, our expert team delivers precise and effective solutions.
Key Compliance Features
Review Of Flagged KYC Cases
Our specialists review flagged KYC cases within the system to ensure that all potential issues are addressed promptly and accurately.
Approval Of Essential Visual Tests
We approve essential visual tests for liveness and document verification to confirm the authenticity of end-user identities.
Monitoring Adherence To KYC Requirements
Our team monitors and ensures that all standard KYC requirements are met, maintaining compliance with regulatory standards.
Conducting Basic End-User Identification
We perform basic end-user identification to establish and verify the identity of low-risk clients efficiently and accurately.
Quality Control Checks
We conduct quality control checks and customer identity verification to ensure that all KYC processes are carried out with the highest level of accuracy and reliability.
In-Depth Review Of End-Users
Our specialists conduct in-depth reviews of end-users, analyzing complex true or false positive matches to ensure thorough verification and risk assessment.
Continuous Automated Screening And Analysis
We maintain continuous automated screening and analysis of matches, ensuring timely detection and response to potential risks.
Timely Responses To Identified Matches
Our team provides prompt and effective responses to identified matches, addressing potential issues swiftly and efficiently.
Comprehensive Quality Control & Identity Design
We implement comprehensive quality control measures and design robust customer identity controls to enhance the accuracy and reliability of high-risk client verifications.
Rigorous Request For Additional Information
We follow a rigorous process for requesting additional information and documentation from end-users, ensuring thorough verification and compliance with regulatory requirements.
Roadmap
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01
Choice of Jurisdiction
The first step involves selecting the jurisdiction where the entity will be incorporated. The options include Dubai World Trade Centre (DWTC), Dubai Multi Commodities Centre (DMCC), or Dubai
Economic Department (DET).
02
Initial Disclosure Questionnaire
Once the jurisdiction is selected, the entity will receive an Initial Disclosure Questionnaire. This questionnaire must be completed and submitted to the Regulator for review.
03
Full Document Submission
The Regulator will review the submitted Initial Disclosure Questionnaire. During this review process, the Regulator may issue a Request for Information (RFIs) to seek clarifications regarding the application and the business model. If the Regulator is satisfied with the initial submission and any additional information provided, the Initial Approval (IA) or Approval in Principle (AAN) will be granted.
04
Initial Approval (IA) / Application
Acknowledgement Notice (AAN)
Following the IA/AAN, the entity must compile and submit a comprehensive list of documents to the regulator. This submission includes approximately 65 sets of documents, ensuring compliance with the relevant rulebooks and regulatory requirements.
05
Regulatory Evaluation
The Regulatory will evaluate the submitted documents. This step often involves multiple iterations, with the Regulator requesting amendments or additional clarifications. Typically, this process can take up to 2-3 rounds to finalize the submissions and meet all regulatory requirements.
06
Receipt of License
Upon successful completion of the evaluation process and satisfaction of all regulatory requirements, the entity will receive the VARA license, officially authorizing it to operate within the chosen jurisdiction.
Why Choose Us?
High Volume Of KYC Cases With Inconsistent Or Inefficient Review
Our KYC package ensures consistent and efficient review of a high volume of KYC cases for both low-risk and high-risk clients. We employ streamlined processes and expert analysis to manage large volumes effectively, ensuring that all cases are reviewed promptly and accurately.
Delays In Responding To A High Number Of Risk Matches
We provide timely responses to a high volume of identified matches, addressing potential risks swiftly. Our efficient response mechanisms ensure that delays are minimized and risks are managed effectively.
Expertise With
Have any questions?
Get insights on our compliance services, how we streamline regulatory processes, and safeguard your crypto operations.
Our KYC Standard Verification Service ensures your crypto business meets regulatory requirements by providing thorough identity checks, minimizing the risk of fraud, and maintaining compliance with local and international standards.
Our KYC Enhanced Due Diligence Service offers deeper investigations for high-risk clients, helping you mitigate potential financial crime risks and meet strict compliance requirements to protect your business.
Our AML Services include in-depth investigations and transaction monitoring to prevent money laundering and other financial crimes, ensuring your business stays compliant with anti-money laundering regulations.
Our Transaction Monitoring service provides real-time oversight of crypto transactions to detect suspicious activities, helping you prevent fraud and comply with UAE regulations, including those for crypto licenses.
Our Post-Licensing Support offers ongoing compliance and regulatory reporting assistance to ensure your business remains compliant with local regulations, reducing the risk of fines and penalties after obtaining a crypto license in Dubai.
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