Obtain consumer-compliance representations from platform customers

KYC / CIP / KYB policy, §6

Where consumers reach the Company through a customer’s platform, the customer represents in its agreement that it runs a compliant consumer identification and anti-money-laundering program, holds the applicable licenses, will report a lapse or regulatory action immediately, and will give access to its records on request. Tier 2 and 3 customers also provide evidence of that program.

Event-driven

At onboarding through the customer agreement, and at each periodic review for Tier 2 and 3

Include the representations in the customer agreement, collect program evidence from higher-tier customers, and refresh it at each review.

• Executed customer agreement

  With the consumer-program representations

• Consumer program evidence

  Policies, training records, or filings from Tier 2 and 3 customers

AML Compliance Officer

Leela can track which customers owe evidence and prepare the request at each review.

Tell Leela about your company to see whether this applies.