AML client onboarding compliance solution

Conduct risk assessments, collect and verify client due diligence in one central platform

Could your client onboarding process be more efficient?

Many law firms, accountancy firms and financial corporations are still conducting client due diligence (CDD) via lengthy Word, PDF and Excel forms. Entries are then stored in spreadsheets, making it difficult to keep track of risk assessments conducted and information collected from clients and ensure any red flags are either resolved or escalated.

VinciWorks’ AML client onboarding solution gives firms peace of mind that all necessary information has been recorded and that the firm has a strong defence in case of a breach. It can be used to streamline both the risk assessment and document collection aspects of client onboarding.

AML client onboarding solution — Core features

  • 100% customisable — admins can edit questions and tweak the risk assessment process
  • Easily verify documents by uploading them via the questionnaire
  • Choice of direct client access or internal-only use
  • Conditional logic — the form adapts as it is completed, so relevant questions are asked based on the identified risk level
  • Includes built-in workflows for different jurisdictions
  • Securely share CDD analysis and information between offices for complex matters
  • Conduct and record regular checks to comply with 'ongoing monitoring' requirements
  • Access all client information and documents from one centralised portal

The four steps to client onboarding

Collect

Collect all information either via one form or API.

CDD

Conditional logic ensures questions vary based on factors such as the client entity, or their jurisdiction of incorporation.

Risk assessments

An overall risk level is automatically assigned to each client, based on both the individual factors and the overall risk score.

Admin review

Admins can approve or deny new clients or matters, or send requests to the user for more information.




Contact us to learn more or book a demo