Financial Services Risk, Compliance and Reporting

KYC Services

Today’s rapidly evolving regulatory environment means that firms are increasingly looking at faster and more cost-effective methods to comply and reduce the burden of Know Your Customer (KYC) requirements.

KYC Services is a core component of the overall IHS Markit due diligence workflow process for brokers, custodians, corporates, fund admins, managers and service providers. Our market leading solution is built on Counterparty Manager, ensuring entity data, document collection, tax profile validation, regulatory protocols and self-declarations, legal credit agreements and operational setup information is complete, accurate and up-to-date.

Call APAC: + 65 6922 4258 Call UK: + 44 (0) 207 260 2102 Call US: + 1 212 488 4049 Email

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Access accurate & dynamic data on funds and investment managers

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The major components that form the core of KYC Services include:

Data

Leverage industry designed policy guidelines to address compliance needs together with local requirements in multiple jurisdictions, capturing approximately 80 crucial data points, including nature of business, beneficial ownership and key controllers. KYC Services continues to expand its automated connectivity to official public data sources, providing customers with more timely access to data.

Additionally, through KYC Services Fund Dataset you can also access accurate and dynamic data on investment managers and over 230,000 underlying funds through an automated feed, including linked active funds.

Technology

Our technology platform supports bilateral exchange with clients through a secure centralized environment. We provide an interactive online portal to collect, manage, request and store client KYC information, and offer integration capabilities with leading providers of screening data for Politically Exposed Person’s (PEPs), adverse media and sanctions/watchlists.

Managed Services

Our team plays a pivotal role across a range of key onboarding and recertification work streams. We offer a tailored, approach to meet your individual needs including consulting, outsourcing, client outreach, KYC health checks, policy building and end to end project management. This provides a more robust and efficient approach to long-term KYC sustainability.

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Introducing KYC Services

Key Stats

40,000

KYC Profiles

250+

Bank customers

250,000

Entities represented on Counterparty Manager, including 100,000+ with LEI's

Customer Testimonials

"PIMCO looks forward to working closely with IHS Markit in using Counterparty Manager, Tax Utility, KYC Services and the entire regulatory and compliance ecosystem. The seamless interoperability between these platforms to support client onboarding, master agreement negotiation and tax validation as a unified group of steps is particularly beneficial."
- Tracey Jordal, executive vice president and senior counsel for Trading and Markets, PIMCO

"We actively support the use of KYC utilities and have been investing in the development of KYC Service as a founding design partner since its inception. Now that the service has been developed, we want to encourage market adoption. Deutsche Bank is inviting customers to subscribe to this service and contribute their KYC documentation and data to KYC Services."
- David Deane, managing director of client and data services, Deutsche Bank

"One of the biggest challenges to conducting KYC in Asia is the regional variation for cross border compliance, which adds a layer of complexity to managing our customer relationships. For us it's about establishing best practice and mutualizing efforts to remove some of the regional anomalies. KYC Services supports this and provides a more cost effective way to conduct our business."
- David Fleet, managing director of client onboarding and management, Standard Chartered

"At UBS, we actively encourage the adoption of KYC utilities to drive industry simplification; and improve the delivery of services to our clients. Current practices are complex and time consuming. Gathering client information in a single place benefits both clients and financial institutions."
- Daniel Haid, managing director of client onboarding, UBS