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THE KYC DICTIONARY
KYC Questionnaire
Definition
A KYC questionnaire is a structured form used by banks and businesses alike to collect detailed information about their clients, customers... Basically any counterparty they are doing business with.
This questionnaire is a critical component of the Know Your Customer (KYC) and Know Your Business (KYB) process, designed to verify the identity of customers and assess their risk profiles. It typically includes questions about the customer's details, as well as information about their financial background, sources of income and nature of their business activities.
The KYC questionnaire may also inquire about the customer's relationship with other entities and counterparties, their expected transaction patterns, and any potential connections to politically exposed persons (PEPs) or high-risk jurisdictions.
By gathering this comprehensive information, the KYC questionnaire helps organizations comply with regulatory requirements, prevent money laundering and fraud, and ensure that they have a thorough understanding of their clients' identities and financial activities.
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What we offer
Avallone’s Products and Services
Whatever your needs, our products and services work together seamlessly - enabling your team to confidently respond to KYC requests, collect information safely and securely from counterparties, maintain data accuracy and escalate concerns effectively.
KYC Responder
Say goodbye to manual handling of incoming KYC requests. Easily save, store and re-use responses to avoid endless duplication.
KYC Collector
Save time collecting and verifying KYC data from counterparties. Streamline screening, compliance and risk scoring in one easy-to-use platform.
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Screening
Real-time monitoring for sanctions, PEPs, adverse media and more
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KYC Hub
One single source of truth for managing and visualizing legal entity structures and documents across your entire organization.
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Managed Services
Hands-on support to relieve your KYC / CDD workload. Our experts work alongside your team to provide scalable support where and when you need it most.
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Advisory Services
Trust our expert team with +30 years of financial crime prevention and compliance experience to help define processes, develop frameworks and tackle complex KYC challenges.
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Outreach KYC Services
Designed for banks and financial institutions looking to simplify their KYC document collection. Let us take care of the time-consuming communication and follow-up, and elevate the experience for your customers.
Remediation Services
For regulated companies seeking proactive solutions to meet their compliance deadlines. Tap into remediation support to refresh and verify customer profiles quickly and accurately.
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KYC 360° Full Suite
Experience the full power of Avallone with every product and service at your fingertips. The most complete way to manage KYC end-to-end.
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