{"id":132,"date":"2024-10-23T10:40:23","date_gmt":"2024-10-23T10:40:23","guid":{"rendered":"https:\/\/kcprof.nl\/?page_id=132"},"modified":"2024-10-31T09:16:28","modified_gmt":"2024-10-31T09:16:28","slug":"for-whom","status":"publish","type":"page","link":"https:\/\/kcprof.nl\/en\/for-whom\/","title":{"rendered":"For whom"},"content":{"rendered":"
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KCP's clients<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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KCP is ready for organisations that need and want to screen their business relations for integrity<\/strong><\/p>

Our clients are financial institutions (including banks, trust offices and payment institutions), corporations (including law firms and real estate agents) and municipalities. We ensure higher client satisfaction, cost and time savings and optimal risk management. Our clients' files comply with regulatory requirements.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Banks<\/h2>

Legislation<\/h3>

The fourth EU directive and the Dutch WWFT require banks to investigate their customers for integrity. Investigating (larger) companies, served by the Corporate, Commercial and Wholesale Banking departments, and wealthy individuals, served by Private Banking, is a time-consuming and labour-intensive activity. We carry out these client investigations for banks, allowing them to focus on their core business.<\/p>

Research<\/h3>

Depending on the compliance policy and risk findings, we examine the client, its activities and revenues. If it is a company, we also test directors and ultimate beneficial owners (UBOs). We screen for sanctions lists,\u00a0politically exposed persons<\/em>\u00a0(PEPs),\u00a0bad press<\/em>\u00a0and, if necessary, also on relationships and related activities. Thanks to our experience at many (international) banks, we are well aware of current\u00a0best practices<\/em>. This is how we help banks learn from each other.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Trust offices<\/h2>\n

Legislation<\/h3>\n

The integrity supervision of trust offices in the Netherlands is based on the Wet toezicht trustkantoren (Wtt) and the underlying Regeling integere bedrijfsvoering Wtt (Rib). CDD\/KYC activities of trust offices are increasingly monitored by De Nederlandsche Bank (DNB). Unfortunately, DNB is not yet satisfied with the level of CDD and transaction monitoring at trust offices, as evidenced by various newsletters and the recent DNB seminar for trust offices.<\/p>\n

Research<\/h3>\n

Trust offices need to conduct rigorous and thorough investigations. KCP helps the client manager with the executive tasks by deploying senior CDD professionals with extensive compliance experience. They prepare files, help compile the transaction profile and properly perform risk analysis. KCP ensures that the files are \"pass through a ring\" and the integrity risks are acceptable so that reviews by the Compliance Officer, the Auditor and DNB are no longer a concern.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Advocacy<\/h2>

Legislation<\/h3>

We advise and carry out 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. We ensure the correct information in the file and, after thorough analysis, advise on forming a risk assessment.<\/p>

Research<\/h3>

In the case of clients covered by simplified client screening, the screening shall be based on independent sources and shall include the following elements:<\/p>