AMS understands, as your professional partner, that it is of the utmost importance in an international environment to ensure that your business is, and remains, fully compliant. We have experienced staff around the world, ready to assist you with keeping your business compliant.
KYC Compliance services & screening software
AMS is able to offer a full range of compliance services, from the screen of UBO/UPC’s to full regulatory reporting in many jurisdictions around the world. We are able to ensure full compliance with local legislation and timely filing to local regulatory bodies. AMS has invested in sophisticated real time screening software, and is able to offer state of the art compliance screening with a view to ensuring your company remains in good legal standing with it’s valuable reputation protected.
We are frequently asked to perform (second) opinions and analysis on Risk Assessments and reporting templates.
Outsourced Compliance and KYC services
Staying compliant is a major challenge and one of the least understood areas of risk by many companies. The demand for compliance requirements in todays ’rapidly evolving regulatory environment means that firms are increasingly looking at faster and more cost efficient methods to comply and reduce the burden of Know Your Customer (KYC) requirements
Compliance and KYC services is a core component of the overall AMS due diligence workflow process for various types of clients like brokers, corporates, fund managers, art dealers, realtors and companies active in the crypto industry.
Our team plays a pivotal role across a range of key on-boarding and work streams. We offer a tailored, approach to meet your individual needs including consulting, outsourcing, client outreach, KYC health checks, policy building and end to end project management. This provides a more robust and efficient approach to long-term KYC sustainability.
To ensure KYC and compliance policies are met and surpassed, AMS has developed a KYC platform that generates insight, ensures consistency and offers full transparency through an audit trail and reporting capability. We will handle anti money laundering back office work, including tasks such as:
- Customer Due Diligence
- Know Your Customer (KYC AML)
- Enhanced Due Diligence
- AML Risk Analysis and Assessment
- Verification of Customer Identification
- Verification of Politically Exposed Persons (PEPs)
- Verification of Beneficial Owner
- Verification of Customer Transactions
- Compliance Reporting and Notification
The Foreign Account Tax Compliance Act, or FATCA, is a US federal law that is intended to target US Persons who may be concealing assets held in foreign accounts. To facilitate this, some foreign entities must report their US clients or owners directly (or indirectly, through their local tax authorities) to the IRS. FATCA has classed all non-US entities into two categories: foreign financial institutions (FFIs) and non-financial foreign entities (NFFEs).
We can assist you with the classification, registration, onboarding and reporting of such FATCA requirements.
CRS, or ‘Common Reporting Standard’, developed by the Organization for Economic Cooperation and Development (OECD), is a global reporting standard for the automatic exchange of information (AEoI). The goal of CRS is to allow tax authorities to obtain a clearer understanding of financial assets held abroad by their residents, for tax purposes. More than 96 countries have agreed to share information on residents’ assets and incomes in conformation with these standards.
Similar to FATCA, We can assist you with the classification, registration, on-boarding and reporting of such CRS requirements.
Country by country reporting.
We have a proven track record of diligent coordination and ensuring local filing requirements are met. In close consultation with the relevant tax advisors of your structure, we ensure that the relevant CbcR obligations and adhered to for our clients, including for large multinational companies.
Missing a filing requirement or deadline could lead to fines and / or penalties being levied against your company. This could ultimately impact your bottom line and affect your ability to operate efficiently. AMS is able to assist you with setting up and reporting through our own developed Compliance Calendar Tool.