CHECKYC is a KYC (Know Your Customer) platform designed to streamline and enhance identity verification processes for both law firms and businesses. With a focus on accuracy, efficiency, and risk assessment, CHECKYC empowers organizations to comply with regulatory requirements and prevent financial crimes effectively.
CHECKYC stays up-to-date with evolving global regulations, ensuring full compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements. By aligning with industry standards, the platform safeguards your business against legal pitfalls.
Additionally, CHECKYC offers LFRA, a comprehensive risk assessment module tailored specifically for law firms. This module evaluates potential risks associated with clients and transactions, enabling law firms to make informed decisions and identify high-risk situations in advance.
Documents Processed
Passports & IDs
Utility Bills
Residency Permits
Document Verification
Validates authenticity and accuracy of submitted documents.
Data Extraction
Automatically extracts and organizes key information from documents.
Pep & Sanctions Screening
Screens individuals against politically exposed persons and sanctions lists for compliance.
Document Checks:
LFRA’s Document Checks feature verifies the authenticity of submitted documents, ensuring that client information is accurate and trustworthy. This helps law firms maintain compliance with regulatory requirements while reducing the risk of accepting fraudulent documentation.
Customisable Module for Law Firms' Needs:
LFRA offers a highly customizable module designed to cater to the specific compliance needs of law firms. It allows firms to tailor the risk assessment process according to their unique requirements, ensuring a seamless integration into their existing workflows.
Pep & Sanctions Screening
This feature screens clients against Politically Exposed Persons (PEP) lists and sanctions databases, identifying potential risks linked to money laundering or terrorist financing. By using this screening, law firms can ensure that they are not engaging with high-risk individuals or entities.
Automated Questionnaire:
The Automated Questionnaire feature streamlines the client onboarding process by generating tailored questions based on client profiles and risk levels. This ensures a thorough evaluation of each client's background while saving time and reducing manual input for law firm staff.
