ECIT offers a complete overview of your customers. Our AML solution is one of the few solutions built according to EU/FATF Guidelines and methodology.
Automatically retrieve company information and submit self-declaration with eID identification using ECIT KYC.
In addition to screening of sanctions, PEP and beneficial owners, ECIT KYC offers functions for implementing customer measures and enhanced customer measures. Through ECIT KYC, our customers can handle all types of risk under the Money Laundering Act.
Do risk classification of customers! The system is based on the FAFT Guidelines, which means that our customers follow recognized methodology in their KYC process. Using ECIT KYC makes documentation of AML work easy and can easily be handed over to relevant actors, which can simplify communication with authorities, investors, etc.
ECIT KYC offers a complete data basis for Swedish, Norwegian and Danish customers.
With the help of ECIT KYC, you can easily legitimize relevant roles and companies at your customer. We support eID in several countries. Please contact us for more information.
As a reporting obligation under the Money Laundering Act, the company is obliged to implement customer measures and enhanced customer measures. ECIT KYC includes functions for easy implementation of customer measures and documentation of customer measures.
Identification, customer measures, monitoring and other information must be documented in accordance with the Money Laundering Act. ECIT KYC offers an independent area for risk assessment where the purpose is to ensure compliance with regulatory requirements, guides and guidelines.
Through ECIT KYC, the company gains access to its risk exposure in the form of statistics and industry risk. Our experience is that the tool is very useful in connection with internal control and preparation of the business-oriented risk assessment.
In an increasingly digital everyday life, the balance between compliance and business arises. For many businesses, ECIT KYC is the cornerstone tool in their AML work. Using the tool contributes to safe compliance, efficiency and fulfillment of regulatory requirements.
Compliance with regulations
Many countries have introduced strict KYC rules for financial institutions and other sectors. Failure to comply can result in heavy fines, penalties and reputational damage. An effective KYC solution ensures you always meet regulatory standards without the hassle.
Prevention of financial crime
Identity theft, financial fraud and money laundering are becoming increasingly sophisticated. With a KYC solution, you can accurately verify the identities of your customers, thereby significantly reducing the risk of fraudulent activities.
Improved customer trust
When customers know that you have measures in place to protect their identity and funds, they are more likely to trust and transact with your business. A trustworthy KYC process demonstrates a commitment to your customers' security.
Cost savings
Although an initial investment is required, in the long run, automating the KYC process can save businesses significant amounts of money that would otherwise be spent on manual verification, correcting errors or handling fraud cases.
Risk management
By understanding your customers better, you can categorize them based on risk factors. This enables better informed decisions, resource allocation and potentially identifying high-risk customers before they become a liability
Long-term competitive advantage
By using ECIT KYC, our customers will be able to comply with the Money Laundering Act in an efficient and accurate way, giving them a competitive advantage by following the customer through the entire customer journey. At the same time, proper use of KYC will show customers, investors and financial institutions that your company is able to adapt to and implement new regulations, control procedures and report suspicious transactions. Managing and working with non-financial risk will therefore strengthen the reputation and integrity of your company.
Total provider of AML compliance
ECIT KYC provides a digital platform for the implementation of new establishment and ongoing follow-up of customers in the reporting company. In addition, we have the expertise to assist reporting entities in handling other obligations under the Money Laundering Act, such as training, routines and general risk assessment.
ECIT KYC is integrated with several partners in Scandinavia. Are you interested in making our powerful tool your own?
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Explore the importance of KYC (Know Your Customer) in the fight against money laundering and terrorist financing, with a focus on customer identification, risk assessment, and anti-money laundering compliance. Learn about ECIT KYC's role in streamlining these processes.
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