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Level 1

Integration

Accelerate Risk Assessment & Regulatory and Financial Crime Prevention adherence with Edifice CRMS Seamless Onboarding

Know Your Customer (KYC) and Know Your Business (KYB) protocols are critical for verifying identities, mitigating risks, and ensuring regulatory compliance. Edifice empowers organizations to automate and optimize these processes, reducing operational friction while unlocking enhanced security and efficiency.
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CRMS for your industry

Mitigate Financial Crime
Regulatory Compliance

Level 1 Integration: KYC/KYB
Automation Assessment & Risk Management

  • Tenant
  • Sub-Tenancy: Customer and Third-Party
  • EDD & Frequency of Repository Data

Level 1 Integration automation services: provide an AI-powered automation that supports Level 2 and Level 3, streamlining compliance and risk management. Level 1 conducts live screening for each partner assigned as a Tenant within our CRMS, managing the Know Your Customer (KYC) and Know Your Business (KYB) processes for each tenant’s sub-tenants.

  • Customization: Tailored prequalification questionnaires for industry-specific compliance.
  • Efficiency: Automates workflows to reduce manual effort.
  • Risk Mitigation: Identifies and addresses risks across all tiers.
  • Real-Time Monitoring: Ensures continuous adherence to global standards.
  • Transparency: Provides clear documentation and reporting for audits.
  • Independent Audit: Enables third-party validation to ensure adherence to compliance frameworks.
  • AML Independent Audit: CRMS engages an independent audit process to review the effectiveness of our AML/CFT systems.
Each partner is designated a Tenant with a customised compliance framework, including a tailored prequalification questionnaire for industry-specific regulatory requirements.
  • Tenant: The primary entity using the CRMS platform.
  • Sub-Tenancy Counterparties: Entities directly engaged with the Tenant.
  • Third Parties: Indirect stakeholders interacting within the ecosystem.
  • Compliance Alignment: Ensures all tenants operate within the regulatory and operational framework of the CRMS ecosystem.
Ensures that counterparties and third-party sub-tenant applicants adhere to compliance requirements before establishing any business relationship.
This involves considering the type of client, operational geography, products and services provided, transactions, and delivery channels utilized.

Keeps operations within the CRMS compliance framework.

Screens counterparties and third parties during onboarding.
Assigns business roles based on compliance and risk requirements.
Based on the Level 2 compliance review and transaction history, each sub-tenant is assigned a risk rating.
AI-driven risk assessments
Assigns business roles based on compliance and risk requirements.
Centralized compliance document repository that holds government-issued documents for verification and record retention.
  • Sanctions Lists: OFAC, EU, UK, UN-designated entities.
  • Negative Media: Flags entities with adverse publicity.
  • PEP Screening: Identifies high-risk individuals.
  • Identity Verification: Confirms the authenticity of the applicant.
  • Suspicious Behavior Detection: Monitors unusual activities.
  • Continuous Monitoring: Ensures regulatory compliance over time.
Adapts compliance standards for different industries and risk exposure.
Notifies tenants of emerging risks.

Evaluates risks at all levels:

Tenant → Counterparty → Third Party → Sub-Tenant.

Ensures uniform compliance across the ecosystem.
Analyzes ownership structures and transaction history.
Real-time validation against regulatory databases.
Tracks ownership structures to prevent fraud.
Prioritizes risk-based due diligence.
Identifies high-risk entities and mandates corrective actions.

Tracks relationships and dependencies to prevent systemic risks.

Generates audit-ready documentation for AML/CFT compliance.

Supports external auditing processes to validate the integrity of compliance.

Level 1 provides a scalable, AI-driven compliance infrastructure that enhances efficiency, mitigates risk, and ensures regulatory alignment for tenants and their counterparts. By utilising automation and real-time screening, the platform provides seamless riskSupport for onboarding and ongoing monitoring, enabling businesses to operate in medium to high-risk environments.

Case Study
Integration
Prospective
Relevance
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CASE STUDY (The Caribbean)

Everything you do at the poker table conveys information “Unpredictability”.

Identify the risk FINDINGS:

High-Risk unintended consequences

  • A director of a trust company business operating in Country X was approached to set up a discretionary trust by a solicitor in Country Y.
  • The solicitor advised Individual A, was acting on behalf of Individual B.
  • Individual A had received monies from the sale of a cash-intensive business, which was owned by Individual B.

Assess the level of risk CONTAINMENT:

  • The solicitor wished to hold the sale proceeds through an offshore trust. The solicitor sent through documents to identify Individual A, but none in relation to the ultimate client Individual B.
  • A few days later, over USD$500,000 was sent from the solicitor’s account to the trust company’s client account.
  • The trust was established with Individual A as the sole beneficiary and made the four payments as requested.

Understand the impact of the risk ROOT CAUSE

  • The High Court of Country X found both the trust company and the director of the trust company guilty of failing to comply with client identification requirements of the AML law, a decision which was upheld by the Court of Appeal.
  • It was held that Client identification procedures prescribed by the AML law must be kept up and that a single breach, provided that it was more than a mere oversight, is sufficient to constitute an offence.

Moving forward with confidence

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