Automated high touch AML/KYC for coworking spaces
Coworking has moved in response to the global crisis in the direction of including virtual officing and officing on demand. Flexibility and responsive service have become key to providing the workplace of the future.
Let’s be real though.
It also significantly increases the risk and complexity of doing business when you are working with people across Europe and the rest of the world.
The Anti-money laundering (AML) / Know Your Customer (KYC) compliance module is an interface to be integrated in your onboarding process, in your management software and/or CRM package which ensures that your prospective coworkers are who they say they are as well as the nature of their businesses.
It enables you to confirm that the people are who they say they are, that the business is what they say it is, and that there aren’t any unpleasant surprises to threaten your coworking community.
You send your prospective client the link, they take a picture of the documents with their smartphone, the software confirms everything and runs a background check. You get a report, with a green check, a yellow check, or a red check.
That’s all you need; no more storing personal data of your coworkers or the risk of that security.
But overautomation is a thing, sometimes automatic reports come back wrong or there’s a situation causing a yellow check.
That’s why the module is high touch/high tech.
You also get a certified and experienced Compliance Officer, who will first go through the process with you personally and also make sure you understand what is what, every step of the way, so you can make an informed decision.
In case of an audit on Anti Money Laundering or KYC requirements, your compliance officer will be there also.
Pricing and how it works
Pricing for this module depends on the nature of the coworker to be onboarded.
The setup fee is €250, one time: and but via included that’s reduced to just €220.
If you decide to buy more than one of our automated modules — or if you own one already –there is a further discount as well.
Individuals Simple entities Complex structures Notes (up to two owners) (more than two owners or owned by another legal entity) One time check €16.00 €32.00 €52.00 First check €12.50 €25.00 €45.00 Monitoring €0.90/mo €1.60/mo €3/mo Moitoring PEPs €1.60/mo €1.60/mo €1.60/mo Additional entities, 100% same parties €15 €1.40/mo €1.40/mo
Once the purchase is completed you will receive your login details for the module dashboard. Once there you can fill in the details of your company and websites, and you will be able to make an appointment with your new Compliance Officer.
Grab this included solution.