OUR SERVICES AML / KYC

CUSTOMER PRE-VERIFICATION

BENTEN TEAMWORK

We will handle the routine work of verifying your clients both individuals and legal entities. The verification system will be developed based on your needs, the standard procedures includes the following steps:

  • Preparation of documents. Questionnaire form is completed and a number of documents provided electronically
  • We will develop an individual verification system for each client
  • Coordination of documents. After the receipt of the documents, our manager provides you with comments
  • Database checks. We verify the company’s directors, shareholders, Ultimate Beneficial Owners and Power of Attorney holders for matches in industry leading compliance databases

MLRO SERVICES

AML

One of the most important positions in any Handling third party funds is the MLRO (Money Laundering Reporting Officer). The MLRO is responsible for the development and implementation of companies’ of anti-money laundering policy, including customer verification and monitoring of financial transactions. Our qualified employees will assist you to fulfill responsibilities and build processes for effective risk management.

AML / KYC FUNCTION AUDIT

BENTEN TEAMWORK

For the companies whose business are related to the need for identification of customers and control of financial transactions, we offer a service on comprehensive audit of performance of this function, such as the following:

  • Checking the availability and quality of internal documentation
  • Monitoring of customer verification and financial monitoring
  • Quality assessment of the company’s internal reporting paperwork
  • Risk assessment

DOCUMENTAT PREPARATION

Benten experts are ready to prepare a in a short timeframe a set of dokuments, regulating AML / KYC internal procedures of MSB (Money Service Business), documenting the company’s processes aimed at verification of client activities and comply with the EU regulatory requirements.

MSB SERVICE PROVIDERS DUE DILIGENCE

BENTEN TEAMWORK

We offer an expended due diligence of your counterparties – MSB (Money Service Business) companies. To assess the financial and reputational risks, we will implement:

  • extended verification of the company’s statutory documents
  • assessment of the company’s activities in preventing money laundering
  • analysis of agreements

PROTECTION OF PERSONAL DATA

BENTEN TEAMWORK

With our assistance, you can easily and without unnecessary costs, comply with the requirements of the Regulation on Personal Data Protection for companies, that conduct their business with the customers, situated in the territory of EU member countries. We will become your representative for interaction with customers and supervisory authorities.

The implementation of the DPO (Data Protection Officer) position is mandatory for European companies since May 2018. Our qualified employees will take responsibility for matters of formal interaction with your clients, as well as with supervisory authorities in the field of personal data protection.

Verifying the company’s compliance with European standards of personal data protection will significantly reduce risks of significant penalties from regulatory authorities. For this we will verify:

  • existing company agreements with customers and counterparties

  • compliance of the company’s information flows with the requirements of the GDPR

  • the processing of client requests for the personal data protection issues

  • compliance of the existing company documentation with the requirements of the legislation in the field of GDPR

CONSULTING

CONSULTING ON THE ACTIVITIES OF EU PAYMENT INSTITUTIONSCONSULTING

The Benten crew has an extensive experience in the field of obtaining licenses, working with regulators and maintaining ongoing activities of European payment companies. We provide you with services on:

  • selection of a juresdiction for the registration of a new financial company
  • verification of an existing financial company upon its purchase
  • optimization of business processes and financial flows of the company
  • selection of financial (payment) partners

AGENCY SERVICES

Acting as an agent for interaction with customers and incoming payments