Services / Business Services

Customer Screening

KlinkCheck has developed a proprietary Know Your Customer (KYC) screening program to assist financial institutions in complying with The U.S.A. Patriot Act (2001). The Act contains measures to prevent, detect, and prosecute terrorism and international money laundering. Under Section 326 of the Act, U.S. financial institutions are required to have Customer Identification Programs to be incorporated with their anti-money laundering compliance program. In summary, the financial institutions are required under the Act to:

	1.	Collect identity information about customers seeking to open an account such as name, address, tax identification number, and date of birth.
	2.	Verify the identity of new account holders within a reasonable time period by either documentary methods or non-documentary methods, or both.
	3.	Maintain records of information used to verify a customer’s identity.
	4.	Compare the names of new customers against government lists of known or suspected terrorists, terrorist organizations, or money launderers.

KlinkCheck has developed a comprehensive, technologically sound screening program to assist financial institutions with ?Know Your Customers? regulations as required by the Act. Through our proprietary screening system we can quickly assist in verifying the identity of a new customer and confirm that the customer is not on a government watch list.

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