A fully automated Know Your Customer (KYC) solution for Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation.

The software platform enables legal professionals to meet the increasingly demanding regulatory requirements of the European Union’s Fourth Anti-Money Laundering Directive, which must be implemented by 26 June 2017.

The 4th AML Directive includes fundamental changes to the existing procedures, which will impact legal professionals.   Changes to Customer Due Diligence (CDD), the requirement for a central register for beneficial owners, a focus on risk assessments, and the new rules for politically exposed persons (PEPs) within the UK, all present a challenge for legal professionals who struggle to tailor legacy systems or keep up with manual process.

Read the full article on Legal Futures below:

Automated Anti-Money Laundering platform launched for lawyers - Legal Futures

A fully automated Know Your Customer (KYC) solution for Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation. The software platform enables legal professionals to meet the increasingly demanding regulatory requirements of the European Union's Fourth Anti-Money Laundering Directive, which must be implemented by 26 June 2017.

about encompass

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, encompass is the creator of unique, innovative Know Your Customer (KYC) software for banking, finance, legal and accountancy that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

want to turn regulation compliance
in to a competitive advantage?

 

Contact us today to arrange your personalised consultation of encompass. Discover how our KYC automation software can help your business accelerate onboarding and give you peace of mind that you are regulator ready.

 

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