What is KYC + AML screening?
Note. This page explains an overview of the Argos KYC + AML services.
KYC + AML screening is a combination of Know Your Customer and Anti-money Laundering screening.
When onboarding a user, a client company can collect his identity information through KYC and conduct AML screening afterwards. For the sake of convenience Argos provides integrated services for both KYC and AML screening.
- Know Your Customer
KYC is to obtain one’s accurate identity information on the official identification card. Oftentimes
Name, Nationality, Gender, Date of Birth are obtained to identify a certain user. Also, to verify that you are the true holder of the submitted identification document, Argos utilizes Face Comparison technology to check the consistency with the photo on the identification card. Additional information(e.g.
Residence ) collection is also supported.
- Anti Money Laundering Screening
Anti-money laundering screening is to distinguish risk personnel from those who are safe to trade with. This screening process checks whether the KYC applicant matches with the person in the
AML database. The AML screening result classifies each applicant into different AML risk groups. Client companies may prevent money laundering by deciding who will be on-boarded immediately and who will be reviewed in detail. Argos AML database contains a variety of AML data, including the
Global Sanctions List (SAN) and the Politically Exposed Person (PEP) .
To learn more about the detailed service process, please refer to the following article on Argos KYC + AML screening process.