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  • Perform AML - KYC Check (PWM)

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    Ram Mohan Mishra
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    This document outlines the process for performing AML/KYC checks for private wealth management customers. Key steps include receiving KYC documents from the customer, checking documents against internal and external systems, capturing customer KYC information in systems, linking the KYC record to the customer record, confirming received documents, and escalating incomplete documents to compliance officers for monitoring. The goal is to complete KYC verification and risk profiling for the customer.

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    Perform AML_ KYC Check (PWM)

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    This document outlines the process for performing AML/KYC checks for private wealth management customers. Key steps include receiving KYC documents from the customer, checking documents against internal and external systems, capturing customer KYC information in systems, linking the KYC record to the customer record, confirming received documents, and escalating incomplete documents to compliance officers for monitoring. The goal is to complete KYC verification and risk profiling for the customer.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Perform AML - KYC Check (PWM)

    Uploaded by

    Ram Mohan Mishra
    This document outlines the process for performing AML/KYC checks for private wealth management customers. Key steps include receiving KYC documents from the customer, checking documents against internal and external systems, capturing customer KYC information in systems, linking the KYC record to the customer record, confirming received documents, and escalating incomplete documents to compliance officers for monitoring. The goal is to complete KYC verification and risk profiling for the customer.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    27/04/21 Perform AML/ KYC Check (PWM)

    TEMENOS Banking Reference Processes


    Perform AML/ KYC Check (PWM) Last change: 17-Mar-2021 12:05:15
    Type: EPC

    Manage Customer
    Engagements
    (PWM)

    KYC to be
    completed/
    updated

    KYC Document
    Checklist Receive KYC Relationship
    documents Manager (WM)

    - Identity Card
    - Company Registration
    - Certificate of incorporation
    - ...

    External KYC Perform additional Relationship


    Systems KYC checks Manager (WM)

    External interfaces to
    be defined

    CR.RELATIO Capture
    Relationship
    NSHIP,KYC.I Customer KYC
    Manager (WM)
    NPUT information

    - Address Proof
    - Correspondence
    (Tab Address) additional address to be
    captured separately
    - Proof of Identity (Tab ID Doc)
    - Information on Occupation,
    Income class (Tab Financial Details)
    - KYC review dates (Tab KYC)
    - KYC Status (complete: yes/no)

    Link KYC record


    CUSTOMER, Relationship
    to Prospect/
    KYC.INPUT Manager (WM)
    Customer record

    Update Blacklist status (positive/ negative)

    Check on mandatory List of compulsory


    DM documents documents can be configured
    SYS

    CUSTOMER,I Confirm received Relationship


    NPUT documents Manager (WM)

    Mandatory KYC COS Mandatory KYC


    documents COMP.CUST. documents
    complete NO.KYC incomplete

    ENQ
    COMP.CUST.
    NO.KYC
    Monitor
    Compliance Officer
    incomplete
    (WM)
    documents
    COS
    COMP.KYC.R
    EVIEW - Update once documents received

    ENQ
    KYC documents
    COMP.KYC.R
    received
    EVIEW

    Perform Customer
    Risk Profiling

    Temenos R21 Proprietary & Confidential 1

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