Trust KYC

Customer Due Diligence (CDD) and Know-Your-Customer (KYC) measures require trust firms to identify high risk clients and transactions in order to avoid committing a money laundering offence

Your Supervisory Requirements

All firms and individuals providing trust services are obliged to adhere to their fundamental ethical and professional standards, including compliance with their legal and regulatory responsibilities in relation to Anti-Money Laundering & Counter Terrorist Financing (AML/CTF).

Customer Due Diligence (CDD) and Know-Your-Customer (KYC) measures require trust firms to identify high risk clients and transactions in order to avoid inadvertently committing a money laundering offence.

KYC for international trust clients can be complicated and firms need to resist the temptation to simply tick-box a due diligence checklist so that the real trust business work can begin. A more convenient, consistent and comprehensive approach is needed to ensure that the appropriate level of CDD is carried out, and high risk clients and suspicious activities are identified in a timely manner.

Your Solution: Equiniti Trust KYC software & services

Equiniti KYC Solutions is uniquely positioned to provide trust firms in the Netherlands with the due diligence services they need in quickly preventing, detecting and reporting money laundering, assuring conformity with recent regulations.

Trust KYC is a specialist managed service with Equiniti KYC Solutions providing for a convenient, consistent and complete identification, verification and initial risk assessment of trust clients.  Using our smart and secure cloud technology, best practice processes and experienced people, Equiniti KYC Solutions provides our trust clients with complete Compliant Client Lifecycle support for New Client Onboarding, Event-driven and Periodic Review. Our end-to-end services including identification and verification of the client, their relations and UBOs (Ultimate Beneficial Ownership), source of funds evidencing, sourcing or dual-control of primary source documents, screening for Sanction, PEPs (Politically Exposed Persons) and adverse media and the performance of an overall risk assessment. We can also provide for ongoing screening and event monitoring.

All this is offered in conformity with specific policies and procedures for trust offices in a risk based and proportionate manner to meet the KYC best practices of Dutch trust firms.

The software is securely hosted in the Cloud and can be accessed directly or via trusted partner websites.

Equiniti KYC Solutions’ compliance professionals, based in Amsterdam, are made up of teams of experts in Dutch and international supervisory regulations and are very familiar with international AML/CTF standards, such as FATF Recommendations as well as national legal and best practice standards.

Equiniti KYC creates and delivers solutions that solve specific industry challenges and provides independent and complete KYC verification services to serve your needs.

What are the benefits of Equiniti KYC Solutions’ Trust KYC Services?

  • Independent verification of client information
  • Primary sourced evidence
  • Dual-control
  • Expert screening