KCP services
KCP is ready for organisations that need and want to screen their business relationships for integrity. KCP is a independent company and applies best in class methods to perform analyses efficiently and with high quality
Integrity investigation
We analyse your business relationships for integrity and advise on the risks. Integrity investigations include CDD/KYC investigations according to international AML legislation. KCP supervises both projects and Business As Usual. Our professionals have the required knowledge, experience and project management expertise. KCP has now reviewed many hundreds of thousands of client files.
What is the added value?
- Risk analyses with guaranteed quality
- Reducing compliance risks
- Strengthen control and improve supervisor and customer satisfaction
- Guarding against reputational risk
- Efficiency with better results within budget and deadline
As a knowledge centre, KCP has this expertise in-house. For an appointment, contact us at info@kcprof.nl.
Case: bank with corporate customers
Challenge:
A reputable financial institution was struggling with arrears in its customer due diligence (CDD) files of its wholesale clients. It had decentralised the CDD work to its account managers since they were closest to their clients. The problem was that her account managers were not aware of the latest developments in CDD, and had insufficient motivation for this 'bureaucratic work'. As a result, they did insufficient research in public sources and did not record enough on file.
Solution:
KCP examined the portfolio in parts, with clear deadlines for each part. Our experts placed the results and requests for additional information directly and clearly with the account managers, allowing the files to be put in order on time. Katrien's team thinks well and understands where our problems lie. We are very satisfied with the quality of service, both in terms of content and compliance. CDD project manager of a large international bank
Case: brokerage
A real estate agent regularly feels the need to conduct an in-depth investigation of a buyer or seller. We provide her with a comprehensive research report that examines the direct and indirect activities and relationships of the buyer or seller, and includes all risks. The reports contain all the elements we need. We are happy that we now have a picture of the risks. This has made us a lot more cautious about who we want to do business with.
Consultancy
Advice based on best practices
Our consultants advise clients on CDD processes and implementation, compliance policies, investigation methods and automation. As an external knowledge centre, we are abreast of the latest best practices.
What does consultancy involve?
- Gap-analysis of existing policies in relation to best practice-policy
- Advising on cost and efficiency of existing process and organisation
- Advice on tooling and automation of processes
- Advising on risk analysis of complex international structures with trusts, foundations, nominee shareholders and complex ownership relationships
For an appointment on consulting issues, contact us at info@kcprof.nl
Case: bank with corporate customers
Challenge:
A compliance officer at a financial institution wanted to compare the internal CDD procedures with the (international) standard to make sure that the organisation was not doing too little (or too much) risk screening. She also wanted to see the efficiency of the process due to rising costs.
Solution:
Based on an analysis of the existing CDD policy, KCP made recommendations regarding the risk factors (business activities, countries, etc), the information used and the control points during the process. We also identified costs and contributed to an efficiency drive by centralising certain tasks.
KYC Research Tool
The KYC Research Tool contains all commercial registers worldwide for the verification of customer and ownership structures. In addition, it contains all KYC-relevant risk analyses – countries, activities, PEP, sanctions, etc. – regarding integrity risks – money laundering, corruption, sanctions, etc. The Tool has been developed for and by KYC experts.
What does the KYC Research Tool entail?
- Verification of ownership structure (176 trade registers – including login and instructions)
- Assessment of high-risk industries (237 descriptions across 52 sectors)
- Global country risk assessment (393 descriptions across 142 increased risk countries)
- Evidence regulation (207 regulators)
To schedule an appointment regarding the KYC Research Tool, please contact us via info@kcprof.nl
Case: KYC Research Tool
An international bank wanted to increase the consistency of its KYC reports and reduce the time spent on communicating with customers and online research. With the KYC Research Tool, the analyst team was able to find the knowledge and documents to complete the KYC reports quickly and efficiently.
Training
Specialising in training courses that bring and keep our clients' knowledge up to date. KCP offers training courses, webinars, master classes and basic and advanced courses specialising in CDD and compliance. Training courses are tailored to our client's needs and specific requirements. This way, you bring and keep your employees' knowledge up-to-date in the field of integrity.
Training programmes on offer:
- Basic CDD training
- Master CDD programme
- Trust training
- Front office training
KCP is an official vocational training provider and registered in the CRKBO (Central Register for Short Professional Education). For more information on KCP's training offer, please contact us at info@kcprof.nl.
KCP's type of clients
KCP is ready for organisations that need and want to screen their business relationships for integrity.
Banks
Depending on the compliance policy and risk findings, we examine the bank's customer, its activities and income. If it is a company, we also test directors and ultimate beneficial owners (UBOs). We screen for sanction lists, politically exposed persons (PEPs), bad press and, if necessary, also on relationships and related activities.
Trust offices
Trust offices need to conduct rigorous and thorough investigations. KCP assists the client manager with the executive tasks by deploying senior CDD professionals with extensive compliance experience. KCP ensures that filings and integrity risks are acceptable so that reviews by the Compliance Officer, Auditor and DNB are no longer a concern.
Advocacy
We advise and conduct client investigations for lawyers providing services covered by the WWFT. This includes advice on buying and selling companies and registered property. By outsourcing meticulous client investigations to KCP, lawyers can focus entirely on assisting their clients.
Real estate agents
Commercial property brokers are subject to the WWFT and must carry out client due diligence. We ensure that brokers manage their risks and comply with legal requirements. By performing their client due diligence for them, we enable them to focus on their commercial activities