AML / KYC
framework.
A risk-based framework for client onboarding, review and transaction monitoring.
Review measures are applied in accordance with the client profile, transaction structure and applicable requirements.
- [01]Onboarding
Client identification and verification
Identity information is collected and reviewed before operational access is considered.
- [02]Risk-based review
Risk classification
Client and transaction factors inform the level of review and ongoing monitoring required.
- [03]Screening
Sanctions and PEP screening
Applicable sanctions and politically exposed person screening may be performed as part of the review.
- [04]Due diligence
Source-of-funds review
Information relating to the origin of funds may be requested where appropriate.
- [05]Conditional
Enhanced due diligence
Additional measures may be applied where the risk profile or transaction context requires them.
- [06]Ongoing review
Transaction monitoring and recordkeeping
Activity may be reviewed against the client profile and applicable compliance obligations.
Information may be required to complete the review.
- Identity documents
- Corporate documents
- Beneficial ownership details
- Source-of-funds information
- Transaction context
PAYNOMIC FINANCE CORP. may request additional information, refuse onboarding, restrict activity or decline a transaction where review requirements cannot be satisfied.
Need a mandate?
Submit a mandate inquiry to begin the review.