OUR SERVICES AML / KYC
CUSTOMER PRE-VERIFICATION
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
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
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
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
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.
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 INSTITUTIONS
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