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KYC due diligence

KYC due diligence

Organize the KYC customer due diligence process, Beneficial owner identification, Risk classification, Data review and record keeping. Practical measures should be proportionate to business risks and applicable anti-money laundering rules.
Six major reasons and solutions for mainland companies being refused to open a Hong Kong bank account
Opening accounts in Hong Kong and overseas banks

Six major reasons and solutions for mainland companies being refused to open a Hong Kong bank account

Hong Kong bank account opening is decided independently by the bank. This article sorts out ownership, business, funds, nation, Common review topics such as industry and profile consistency, and review steps after rejection..
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How can financial institutions build KYC and transaction monitoring systems that meet regulatory requirements?
Compliance and Anti-Money Laundering(AML)

How can financial institutions build KYC and transaction monitoring systems that meet regulatory requirements?

Build KYC and transaction monitoring system, Applicable legislation and competent authorities should be determined first, Then implement the identification of customers and beneficial owners, risk rating, screening, Alarm investigation, STR judgment, Record, governance, Testing and outsourced controls.
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After Hong Kong company registration，How to open a company bank account quickly? (Video interview guide)
Opening accounts in Hong Kong and overseas banks

After Hong Kong company registration, How to open a company bank account quickly? (Video interview guide)

After registration, Hong Kong companies must still go through independent due diligence by banks. Prepare for business, funds, Ultimate beneficial owner and account usage information, And complete video or on-site verification as required by the bank.
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