Know Your Customer
Know Your Customer Due Diligence
Flexible workspaces are required to follow Know Your Customer (KYC) processes in order to provide certain services. KYC is the process for verifying the identity of clients and assessing potential risks of illegal intentions for the business relationship. Essentially, you should know who you are doing business with.
The on-boarding of a client and welcoming them in to your business should be seamless and efficient. This process should include due diligence to ensure the fraud and compliance risks are assessed and recorded.
How we can help
Opstech How we can help:
We will explain your obligations for HMRC and the LLA for Money Laundering. We will review your risk exposure and prepare your Policy and provide you with documents to help you manage the procedures you set out in your business, providing full training at all levels in the business.
London Local Authorities Act | Registering with the Council | Anti-Money Laundering Requirements | Training | Documentation