Knowing your customer (KYC) is the first line of defense against violations of anti-money laundering (AML), anti-bribery and corruption (ABC), and other similar laws. Organizations need to understand the regulatory environments they operate in, and their partners and counterparties to minimize exposure to risk. The penalties for failure are increasingly severe, including financial fines in the hundreds of millions—or billions—of dollars. Collecting and analyzing disparate KYC data efficiently and correctly, including AML, anti-corruption and reputational checks, to support compliance with increasingly stringent regulations is mission critical.
Stroz Friedberg helps organizations protect their financial and reputational health by uncovering information to mitigate critical risks and support compliance with international regulations related to money laundering and political corruption. In particular, we provide AML, anti-corruption, and reputational checks on customers and counterparties. We have completed thousands of KYC due diligence projects from high volume AML screening reports to in-depth Enhanced Due Diligence reports for joint ventures in high risk markets.
Our investigations team applies decades of experience in studying and handling crimes ranging from money laundering to insider trading and foreign corrupt payments. Our credentialed professionals employ a methodical, thorough, and skilled approach to sourcing information, combing through the public record, government databases, corporate records, litigation filings, and local news clippings. When information isn’t readily available, we deploy skilled investigative techniques, locating witnesses and assessing credibility, conducting interviews and examining electronic data. Working to the highest ethical and legal standards, we have the ability to source information from a large number of international jurisdictions, including emerging markets and financial offshore centers that have limited transparency.
Our capabilities include:
- AML and Integrity Checks on High Net Worth Individuals
- Screening of Potential Local Agents and Introducers
- Third Party Distributor and Vendor Vetting
- Due Diligence for Major Mergers, Acquisitions, and Joint Ventures
- Supply Chain Due Diligence
- Management Due Diligence for Private Equity
- Sanctions Screening