The 9/11 attacks in the United States triggered a need for tighter control in the financial sector. There is growing pressure on all institutions to perform due diligence on their customers, following a principle commonly called “Know Your Customer” (‘KYC’). KYC services & policies are becoming increasingly important globally to prevent identity theft fraud, money laundering, and terrorist financing. In today’s business environment there is no room for error.

It is critical for companies to maintain ethical standards and meet the requirements outlined by the regulatory institutions.

The Amicorp Compliance Services Portal is an integrated service that provides an efficient and comprehensive background check (outsourcing KYC Compliance services) and identity verification of our client’s (potential) customers. Our automated KYC solution lightens our client’s compliance burden and at the same time increases their level of risk management through a quality, efficient and cost-effective solution. Outsourcing Compliance services leaves our clients free to concentrate on their core business.

The Amicorp Compliance Services Portal gives you increased control over your customer base by continuously monitoring your clients through a sophisticated risk management system. Clients are screened periodically against sanction and embargo lists, and are allocated a corresponding risk score throughout the service lifecycle.

The Amicorp Compliance Portal is useful for law firms, financial institutions, trust companies, banks and insurance companies.

The Amicorp Compliance Services Portal offers a high-end solution suited to all organizations, whether small, medium-size or large. Auditable background identity verification is performed, a compliance documentation management system ensures the required documentation is on file, and a risk management system completes the package. The Amicorp Compliance Portal enables you to make better-informed decisions about your client base and avoids you from investing large amounts of money and time in non-core activities, such as information gathering and reporting to authorities.