KYC, AML & investor onboarding
A professional onboarding process protects your fund and your investors. WeManage handles identification, KYC, AML checks, risk assessment and ongoing monitoring, fully documented.
What does KYC & onboarding involve?
KYC (Know Your Customer) and AML (Anti-Money Laundering) are the processes by which a fund verifies the identity, background and risk profile of a new investor before accepting them. The onboarding process includes identification, due diligence, risk assessment, documentation and approval.
A professional onboarding process is not only a compliance obligation. It is also the first step in the relationship with the investor. A smooth and transparent process contributes to trust and a positive investor experience. The outcome of the onboarding process is recorded in the fund documentation.
Why is a professional onboarding process important?
The onboarding process is the first formal step in the relationship between fund and investor. It determines both the compliance quality of the investor base and the investor’s experience.
- A professional onboarding process is a legal obligation under anti-money laundering regulations.
- It protects the fund against accepting investors who pose a compliance risk.
- A structured process ensures a smooth investor experience and short turnaround times.
- Complete documentation is essential during supervision and audit.
- Ongoing monitoring prevents the relationship from becoming a risk after onboarding.
What WeManage handles
Identification
Verification of the investor’s identity based on official documents.
KYC & UBO
Determining the investor’s background and identifying the ultimate beneficial owner (UBO).
AML, PEP & sanctions screening
Screening for politically exposed persons, sanctions lists and other AML risk indicators.
Risk assessment
Classification of the investor into a risk category based on the investigation performed.
Documentation & approval
Full documentation of the investigation and formal approval by the authorized body.
Ongoing monitoring
Periodic updating of customer data and monitoring of transactions throughout the relationship.
How does the onboarding process work?
Application
The investor applies and provides the necessary basic information.
Identification
Verification of identity and background based on official documents.
KYC & AML check
Execution of KYC, UBO, PEP and sanctions screening.
Risk assessment
Classification of the investor into a risk category.
Approval
Formal approval of the investor by the authorized body.
Investment
The investor can proceed to invest after approval.
Ongoing monitoring
Periodic updating of data and monitoring of transactions.
Frequently asked questions
KYC (Know Your Customer) is the process by which a financial institution verifies the identity and background of a customer. AML (Anti-Money Laundering) is the broader obligation to prevent money laundering and terrorist financing, of which KYC is a part.
Discuss your fund with WeManage
Tell us about your fund, your investors and your ambitions. We'll help you take the next step.